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Attention sports gamblers and College Football fans alike, we are finally getting a College Football playoff.
The new playoff structure was approved by a presidential oversight committee on Tuesday.
The four teams chosen by the selection committee will play in the semifinals of a current bowl site with the national championship game to be awarded to the highest bidder.
This is reportedly a 12-year deal lasting through the 2025 season.
"A four-team playoff doesn't go too far; it goes just the right amount," said Virginia Tech president Charles Sterger. "We are very pleased with this arrangement, even though some issues … remain to be finalized."
Heather Dinich of ESPN reports that the group of presidents also endorsed a rotation of the semifinal games among six bowl sites and rotation of the championship game among neutral sites with the championship game not being branded as a bowl game.
- Dan Shapiro, Gambling911.com
