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It's Official: We Have a College Football Playoff

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The BCS Presidential Oversight Committee announced late Tuesday that they have adopted the playoff format that was forwarded by the commissioners of the 11 BCS conferences and it will start New Year's Eve, 2014.

The Presidents accepted the proposal that incorporates six bowls into a rotating system for the semifinals, which will be held on Dec. 31st and Jan.1st every year beginning after the 2014 regular season. The playoff will also use a selection committee patterned after the NCAA basketball selection process.

The committee supposedly will take into account win-loss record, strength of schedule, head-to-head record, and if a team is a conference champion when looking for the Final Four participants.

The Championship game will be bid out to cities, much like the Super Bowl. The playoff will rotate the semis between the current BCS bowls (Fiesta, Orange, Sugar and Rose) and add two more.

Hello BCS Oversight Committee? Jerry Jones on line 1.