Here's the statement issued by conference commissioners on Wednesday after reaching a consensus on a four-team playoff:
“We are excited to be on the threshold of creating a new post-season structure for college football that builds on the great popularity of our sport. We take our responsibility to our universities, our presidents, and to student-athletes seriously and we’re determined to make this great sport even more popular.
“At our meeting with the Presidential Oversight Committee next week, we will present our views so the presidents can make their decisions. On many issues we have achieved widespread consensus; on some issues, important and valuable alternatives have been suggested.
We have developed a consensus behind a four-team, seeded playoff, while recognizing that the presidents will certainly present their views, including a discussion of a Plus-One. We also discussed various selection methods and look forward to having these discussions with the presidents.
“We are getting very close and we look forward to next week’s meeting. We have already had extensive discussions with our presidents and it remains important to note that all final decisions will be made by the presidents, either at next week’s meeting or at whatever date is appropriate.”