Report: CFP 14-Team Playoff Expected to be Approved

The college football postseason system has undergone many changes. And it's about to change again.

The college football postseason system has undergone many changes. And it's about to change again.

The 10 FBS conferences and independent Notre Dame are expected to meet a Friday deadline to agree to the new 14-team playoff system and let the CFP know if they'll be competing in it after it's expected to begin in 2026.

ESPN reported that each conference and Notre Dame will sign the legal agreement by the Friday deadline.

The financial picture for the 14-team playoff will be vastly different than before. Big Ten and SEC schools will receive more than $21 million per year, an increase from the current $5.5 million. The ACC programs will get $13-plus million annually, while the Big 12 schools and Notre Dame will get $12-plus million. 

ESPN also reports there will be a financial payout for any independent team that reaches the playoff. 

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The Group of Five schools will receive around $1.8 million, which is up from the current $1.5 million they receive now. Since the Big Ten and SEC have a combined 34 teams participating, they also have the most CFP representatives and the most leverage.

 The CFP will utilize a 12-team playoff format for 2024 and 2025, and details of the 14-team system won't be determined until after the new television deal is done.