In a landscape-altering move, the College Football Playoff is officially expanding to a 24-team format, sources told CBS Sports.
There is no official announcement -- yet -- regarding how the 24-team field will be shaped.
The move to 24 teams, long expected a formality in college football circles, will eliminate the popular and lucrative conference championship games. The SEC originated the conference championship game in 1992, and it had been an annual source of significant revenue for the conference in the neighborhood of $100 million.
The CFP is currently in its third year of the 12-team playoff format. Next year will be the debut of a doubled field of 24 teams.
This is a breaking news story and will be updated.
