In the midst of final expansion negotiations for the College Football Playoff (CFP), the Pac-12 Conference, now reduced to just Oregon State and Washington State, is utilizing its veto power to wield influence over the decision-making process. With the ability to control the CFP on any issue, the two schools have the potential to shape the playoff for the next two years.

During a meeting of the CFP Management Committee held in Houston on January 8, the commissioners and conference presidents convened to address the final access point for the expanded 12-team playoff field. Initially, it was believed that the playoff format would transition from a 6+6 model to a 5+7 model, with the number of conference champion automatic qualifiers decreasing to five. However, the Pac-2 schools requested a delay in the vote, effectively putting the expansion plans on hold.

The Pac-2's influence can be attributed to Washington State president Kirk Schulz, who serves as the Pac-12 representative on the CFP board. Schulz's vote holds significant weight as all CFP decisions must be unanimous until the current media rights contract ends in 2025-26. It is reported that Schulz is seeking voting rights and revenue assurances for the future, leading to speculation about the extent of their leverage.

Financial considerations are at the forefront of the Pac-2's concerns. With both schools facing an uncertain future due to conference realignment, they are seeking additional revenue to bolster their athletic departments. Currently ranked 53rd and 54th nationally in revenue, Washington State and Oregon State are exploring financial assurances that would ensure their stability as major-conference programs.

The Pac-2's stake in the expanded playoff is significant, as research suggests that the extra spot is most likely to be filled by an SEC or Big Ten school. With the Pac-12 no longer part of the "Power Five" concept, there is a need for financial support to maintain their athletic standards. The upcoming Pac-12 media rights payout, along with NCAA Tournament units owed to the conference, Rose Bowl payouts, and settlement money, will provide a temporary financial boost. However, liabilities associated with the Pac-12 brand pose challenges, including debts owed to former partner Comcast and potential lawsuit settlements.

While the Pac-2 schools are currently participating in a scheduling agreement with the Mountain West, their long-term plans remain uncertain. Joining a new conference, such as the ACC or Big 12, is a desirable option, and potential instability within the ACC due to Florida State's attempts to leave could open opportunities for the Pac-2 schools. If unable to secure a spot within the power leagues, aligning with the Mountain West or exploring other options may be the path forward.

Additionally, the Pac-2 schools may need to consider NCAA president Charlie Baker's proposal of a new subdivision that would establish a trust fund for players. This would require a financial commitment, but it could help solidify their position among the upper echelon of college football programs.

As negotiations unfold, the Pac-2's leverage in the CFP expansion discussions may result in a delay of decisions beyond the current media rights contract. The impending new media rights deal, estimated to be worth $1.3 billion annually, poses significant financial implications for the CFP. However, uncertainties regarding the value of first-round games and the demands of the SEC and Big Ten conferences further complicate the situation.

Ultimately, the Pac-2 schools find themselves in a delicate position, seeking financial security while navigating the complex landscape of college football realignment. The coming months will determine the extent of their influence on the future of the College Football Playoff and their own athletic programs.