A working group within the CFP management committee, which comprises the 10 FBS commissioners plus Notre Dame athletic director Jack Swarbrick, discussed "some 63 possibilities for change," according to a news release from the CFP. Those included models of six, eight, 10, 12 and 16 teams, each with a variety of different scenarios.
CFP executive director Bill Hancock told ESPN that nothing is imminent.
"There will not be a new format this season or next season," Hancock said. "The timetable is certainly an important detail, but it hasn't been determined yet. It's too soon to predict the timing, but even if the board decides to alter the format, it may well not occur until after the current agreement has expired, which isn't until after the 2025 season."