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Source: Rose Bowl agrees to amended deal, paving way for early CFP expansion

The last remaining obstacle to expanding the College Football Playoff to 12 teams in the 2024 and 2025 seasons has been cleared.

A source told ESPN on Wednesday night that the Rose Bowl has agreed to terms that will pave the way for the College Football Playoff to expand in the final two seasons of the current contract -- 2024 and 2025.

Any more steps toward an announcement are a formality, as the formal announcement of the playoff expansion beginning in 2024 is expected to imminent.

In early September, the College Football Playoff Board of Managers voted to expand the College Football Playoff to 12 teams starting in 2026.