College Football Playoff expansion is back on the table.

The CFP Board of Managers — comprised of 11 university presidents from each of the 10 FBS conferences and Notre Dame — is expected to meet on Friday with a goal of adopting an expanded playoff bracket for as early as the 2024 season. The CFP could reach 12 teams, according to a report from CBS Sports’ Dennis Dodd.

Talks on the very subject fell through earlier this year after league commissioners who make up the CFP Management Committee were unable to agree on format/size. Now, it seems the university presidents — who reportedly feel too much money has been left on the table in the current four-team format — are taking matters into their own hands.

League commissioners talked for nearly two years before the CFP announced earlier this year they had been tabled, unable to reach a consensus. The Alliance famously broke things up; the Big Ten strikes again. The presumption at the time was that things wouldn’t change with college football’s national championship until at least 2026 when the CFP’s current deal with ESPN expired.

The vote to expand must be unanimous by the 11 members of the board. If it is, it would only be a conceptual approval. Things would then go back to the commissioners to figure out how to implement the new format.

From Dodd’s write-up:

If expansion is approved Friday, the playoff would move to at least 12 teams, according to one person participating in the process. However, that source left the door open for a 16-team playoff to be considered by the body.

A 12-team playoff has been valued at $1.2 billion annually, up from the current $600 million.

A subcommittee of commissioners developed a 12-team bracket that was favorably received in June 2021. The model included six automatic qualifiers — the six highest-ranked conference champions — and six at-large teams. That would likely be the format adopted if expansion settles on 12 teams.  Such a bracket could be adopted as a short-term placeholder with future expansion to 16 teams if the board agrees to increase the field, sources said.