College Presidents Approve Plan for College Football Playoff

As of 2014 there will no longer be a Bowl Championship
Subdivision. The BCS is dead. A college football playoff lives.
University presidents from the 11 major conferences and
Notre Dame met Tuesday and approved the new plan. Instead of pitting the supposed
No. 1 team against the supposed No. 2 team in the country at the end of the
season, the new format will create a pair of national semifinals. No. 1 will
play No. 4, and No. 2 will play No. 3. 
And the winners will advance to a national championship game.
The teams in the playoff will be selected by a committee, similar
to the way the NCAA basketball tournament field is set.
There are still some lingering details, such as what the revenue
share will be.
(with information from The Associated Press)