Conference
commissioners met with an oversight committee of university presidents and
chancellors on Tuesday to approve the four-team seeded playoff, consisting of
two semifinal games in bowls and a national championship game that will be put
up for bid.
Commissioners
presented the plan for 30 minutes then took questions from the presidents, who
then deliberated for about three hours before announcing their approval.
A
committee will rank playoff teams based on: won-loss record, strength of
schedule, head-to-head and if a team is conference champion
Current
BCS contracts run through the 2013 season, so the playoff would go into effect
after the 2014 season.
According
to the BCS release, the semifinal games will be New Year's Eve or New
Year's Day with the title game roughly a week afterward depending on the
calendar. The idea is to create a "Championship Monday."
