NEW ORLEANS, LA - JANUARY 10: Bill Hancock the executive director of the Bowl Championship Series and Head coach Nick Saban of the Alabama Crimson Tide hold The Coaches' Trophy which signifies the national champion after defeating Louisiana State University Tigers in the 2012 Allstate BCS National Championship Game during a press conference on January 10, 2012 in New Orleans, Louisiana. (Photo by Andy Lyons/Getty Images)
The BCS as we know it has ceased to exist. A college football playoff is on its way.
Here's what the new college football playoff will look like when it goes into affect for 2014.
A selection committee will determine the top four teams after the 2014 regular season and put them in a four-team playoff. The top-ranked team will play the fourth-ranked team, the second-ranked team will play the third-ranked team, and then the winners of those two matchups get together for a championship game a week or so down the road.
The semifinals will take place in a rotating set of top-tier bowl games (like the Rose Bowl), with the championship ending up in the hands of the highest bidder. The BCS as we know it has ceased to exist.
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