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The College Football Playoff (CFP) is an annual postseason knockout invitational tournament to determine a national champion for the National Collegiate Athletic Association (NCAA) Division I Football Bowl Subdivision (FBS), the highest level of college football competition in the United States. It culminates in the College Football Playoff National Championship game. The inaugural tournament was held at the end of the 2014 NCAA Division I FBS football season under a four-team format. The CFP Board of Managers voted in 2023 to expand the playoff to twelve teams beginning in 2024, an arrangement that will last at least through the end of the 2025 season. After 2025, the current contract between all major players expires and a new contract will be drawn up, with indications that additional expansion may take place as soon as 2026. As the NCAA does not organize or award an official national championship for FBS football (instead merely recognizing the decisions made by any of a number of independent major championship selectors), the CFP's inception in 2014 marked the first time a major national championship selector in college football was able to determine their champion by using a bracket competition. A 13-member committee has selected and seeded the teams to take part in the CFP. This system differs from the use of polls or computer rankings that had previously been used to select the participants for the Bowl Championship Series (BCS), the title system used in FBS from 1998 to 2013.