Axios

The College Football Playoff's board of managers voted Friday to expand its four-team format to include 12 teams, the CFP said

The big picture: The conferences involved in postseason college football could potentially make $2 billion in media rights, AP writes.

The PGA Tour said Friday some of its players will not be eligible for renewal because of their contracts with the Saudi-backed LIV Golf circuit.

The big picture: The Justice Department is investigating the PGA Tour for possible antitrust violations by not letting golfers compete in a separate golf league.

Sometimes the best SPAC mergers are the ones that don’t happen. Or at least that’s the attitude of online ticket marketplace SeatGeek, which recently boarded the SPAC termination train.

Driving the news: SeatGeek on Wednesday announced $238 million in Series E funding at a $1 billion pre-money valuation, led by existing backer Accel.