SEC Coverage

Using the 2012 BCS standings as a guide, here is what the selection process will be in each of the three possible scenarios.

We now know the first championship game site, the full slate of bowls, and the semifinal rotation.

The two grandest games will be doing the playoff honors first according to CBS's Dennis Dodd.

There's going to be a lot of money, and the power conferences are going to get most of it.

If Oklahoma wins the Big 12, there could be some wheeling and dealing that sends the Sooners to New Orleans anyway.

The BCS's selection rules are long and worded like legalese. Here are the ones you need to know about for this year.

It's official: six bowls and access for the mid-majors are components of the new playoff system.

In total, the rights fees for the package of six major bowls plus the extra fees for the contract bowls specifically will top $600 million annually.

The game in New Orleans will host the SEC and Big 12 champions whenever they aren't in the playoff.

The SEC and Big 12 have formed an alliance through setting up a shared postseason game for their top teams.