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While enthusiastically announcing plans to expand the College Football Playoff, those in charge of the postseason system downplayed the revenue windfall that will come with tripling the number of participants and declined to speculate about whether a new format will tap the breaks on conference realignment. Instead, they stuck to a strict script, touting how many more athletes will get to play games with national championship implications and how many more fans will get to root for playoff contenders.

While enthusiastically announcing plans to expand the College Football Playoff, those in charge of the postseason system downplayed the revenue windfall that will come with tripling the number of participants and declined to speculate about whether a new format will tap the breaks on conference realignment.

The change could take effect as soon as the 2024 season. It is expected no later than 2026.

Why is the playoff expanding now? What does it mean for realignment? And who benefits the most? Our reporters answer the biggest questions surrounding the committee's decision to expand to 12 teams.

After 14 1/2 months of haggling over details and questioning motivations, a plan to expand the College Football Playoff to 12 teams was finally approved Friday, setting the stage for a multibillion-dollar tournament as soon as the 2024 season.