(UNDATED) - The nine Bowl Subdivision conferences and Notre Dame have reached an agreement on a six year deal to continue the College Football Playoff through the 2031 season. The move establishes a revenue-sharing plan and allows the CFP to finalize a new media rights agreement. Executive Director Bill Hancock says the agreement doesn't lock in a format for the CFP for 2026 and beyond. The playoff is expanding this season from four teams to 12, but that number could grow after the current contract with ESPN expires after the 2025 season. The new deal guarantees playoff access for at least five conferences through 2031.