At a meeting of the CFP Management Committee last week, SEC and Big Ten leaders “opened dialogue” about changing the revenue distribution model and the voting structure of the College Football Playoff, according to a new report from Yahoo Sports’ Ross Dellenger.

The Power leagues met in Washington D.C. in late January to talk about expanding the NCAA men’s basketball tournament to better reflect the “value and contribution” the top leagues in college basketball provide to the tournament. A week later, officials from the SEC and the Big Ten used those same grounds to argue for shifting the revenue distribution model of the CFP.

The SEC accounted for nearly 40% of the Playoff spots in the CFP era and brought in only 17% of the revenue. Those figures were part of a presentation made during the meeting, according to Dellenger.

The current structure divides 80% of the CFP’s annual revenue among the Power Five leagues.

“The real question on the revenue is how much is going to be concentrated in a handful of conferences,” AAC commissioner Mike Aresco told Yahoo Sports. “It’s 80-20 right now to the so-called P5, but there are only going to be four of them. And then the question is how much? The SEC and Big Ten are probably going to want more. It’s understandable. That’s going to get worked out.”

With the breakup of the Pac-12, the CFP Management Committee is also working through how to adjust the expansion of the Playoff from four teams to 12 teams. There is increased momentum, according to Dellenger, to move from a “6+6” format to a “5+7” model that guarantees automatic bids to the remaining power conference champions and one spot — not two — for the highest-ranked Group of Five school.

With seven at-large bids, the SEC and the Big Ten will eat comfortably. When the leagues officially introduce new members this summer, they’ll grow to a combined 34 members that include the sport’s biggest brands.

According to Dellenger, “serious discussion” about expanding the Playoff beyond 12 teams has not been a topic of discussion inside CFP meetings but Big Ten commissioner Tony Petitti has privately discussed the merits of a 14- or 16-team Playoff with other commissioners.

On Monday, the CFP and ESPN reportedly agreed to a new six-year $7.8 billion extension. But the agreement’s completion is contingent on the leadership group finalizing details of the expanded format.

Changes require a unanimous vote of the CFP Board of Managers, which is comprised of presidents from each of the FBS leagues and Notre Dame. Washington State president Kirk Schulz is the Pac-12 representative, and he has reportedly delayed a decision to try and seek long-term assurances for the soon-to-be Pac-2.