With Thanksgiving on Thursday and the Christmas holidays around the corner, that means one thing. It means that the College Football Playoff is approaching fast and furious .

In the meantime, ESPN and the CFP are very close to an agreement that would extend the playoff expansion deadline, per Ross Dellenger of Yahoo Sports. As a result, this gives the conference commissioners more time to develop a new playoff format.

Before the extension, the original format deadline was Dec. 1.

The current College Football Playoff format includes 12 teams—five of the highest conference champions and seven at-large selections. Also, the top four teams receive a first-round bye, and the other eight teams play in the first round.

Furthermore, the highest seeds host the lower seeds. Also,

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