What happened: The College Football Playoff announced Monday that the postseason tournament will expand to 24 teams starting with the 2027-28 season. The organization also reached an exclusive media rights agreement with ESPN to televise the expanded slate through the 2031-32 season.

Why it matters: The expansion doubles the current 12-team field and will eliminate Power 4 conference championship games beginning in 2027. The shift dramatically alters the college football postseason calendar, opening expanded automatic bids and at-large access across the FBS.

What to watch: CFP officials and conference commissioners are scheduled to finalize qualification criteria and scheduling adjustments for the 24-team bracket.