College Football Playoff to expand to 12 teams: report

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The College Football Playoff Board of Managers decided Friday to expand to a 12-team playoff, according to reports. 

The 12-team playoff likely will begin in 2026, when the playoffs' current contract ends, but there is an outside chance it could begin as early as 2024, according to ESPN.

The national championship trophy is displayed after the Georgia Bulldogs defeated the Alabama Crimson Tide 33-18 in the 2022 CFP national championship Game at Lucas Oil Stadium Jan. 10, 2022, in Indianapolis. (Kevin C. Cox/Getty Images)

The CFP replaced the Bowl Championship Series in 2014 and has included four teams in a bracket-style championship tournament since its inception.

The 12-team bracket was first proposed in 2021, but it was rejected in February.

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"The four-team format has been very popular and is a big success," a four-person working group said in a statement last year. "But it's important that we consider the opportunity for more teams and more student-athletes to participate in the playoff. After reviewing numerous options, we believe this proposal is the best option to increase participation, enhance the regular season and grow the national excitement of college football."

Georgia Bulldogs QB Stetson Bennett (13) kisses the national championship trophy after defeating the Alabama Crimson Tide in the College Football Playoff national championship Jan. 10, 2022, at Lucas Oil Stadium in Indianapolis. (Jeffrey Brown/Icon Sportswire via Getty Images)

The 12 teams will consist of the six highest-ranked conference champions and six at-large teams, similar to