The new college football playoff postseason system, which begins after the 2014 regular season, will be named "College Football Playoff."
The much anticipated announcement came Tuesday from the Langham Hotel in Pasadena.
"We decided to call the playoff what it is -- the College Football Playoff," BCS executive director Bill Hancock said. "We think the new playoff will be the most dynamic improvement to college football in a generation. Certainly, it's what the fans want. We also invite everyone to vote online to select the logo and help us kick off the new College Football Playoff."
The College Football Playoff will feature the top four teams as chosen by a yet-to-be-named selection committee. The Rose Bowl and the Sugar Bowl have already been chosen to host the first national semifinals, which will pair No. 1 versus No. 4 and No. 2 versus No. 3 on January 1, 2015.
The first title game of the College Football Playoff will be Jan. 12, 2015. Cowboys Stadium will reportedly be the site for the first championship game of the playoff era. That announcement is expected Thursday.