NCAA presidents approve four-team playoff
June, 26, 2012
By Heather Dinich | ESPN.com
WASHINGTON, D.C. -- A four-team playoff for college football has been formally approved by a presidential oversight committee, a dramatic change for the sport that will begin in 2014. The four teams will be chosen by a selection committee, and the semifinals will be held at current bowl sites and the national championship game will be awarded to the highest bidder.
Click here to read more about the new college playoff system.