The College Football Playoff is officially expanding to 12-teams by 2026. That follows a vote on Friday by the CFP Board of Managers in which the 11 presidents and chancellors on the board voted unanimously in favor of the expansion, per The Athletic. ESPN reporter Pete Thamel first broke the news, however.
Sources: The CFP Board of Managers has decided on a 12-team College Football Playoff during today's meeting.
— Pete Thamel (@PeteThamel) September 2, 2022
The 12-team format that was approved today is the same as the one initially proposed by the four-person working group and reported on last year.