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The College Football Playoff (CFP) is an annual postseason tournament in American college football that determines the national champion at the highest level of the sport. The CFP was established in 2014 to replace the Bowl Championship Series (BCS), which had been used since 1998 to determine the national champion. The CFP consists of a four-team playoff, with the winners of two semifinal games advancing to the national championship game.

The selection process for the CFP involves a committee of 13 members, including current and former coaches, administrators, and media members. This committee is responsible for ranking the top 25 teams in the country throughout the season, with the final rankings determining the four teams that make the playoff. The committee considers a variety of factors when making their rankings, including win-loss records, strength of schedule, head-to-head results, and overall team performance.

The top four teams in the final rankings are selected for the playoff, with the number one seed playing the number four seed, and the number two seed playing the number three seed. The semifinal games are held at two rotating neutral sites, typically on or around New Year's Day. The winners of these games then advance to the national championship game, which is held at a different neutral site each year, typically in early January.

The introduction of the CFP has brought increased excitement and controversy to college football. Unlike the BCS, which only selected two teams for the national championship game, the CFP expanded the field to four teams, allowing more teams to compete for the title. This change has been widely praised, as it gives more teams a chance to prove themselves on the field and reduces the influence of subjective rankings and computer formulas.

However, the four-team format has also led to debates over which teams should be included in the playoff. In some years, there have been multiple teams with strong arguments for inclusion, leading to controversy and discussions about potential expansion of the playoff field. Critics argue that expanding the playoff to eight or even 16 teams would allow for a more inclusive and fair system, giving more teams an opportunity to compete for the national championship.

Despite the debates, the CFP has produced some thrilling and memorable moments in its short history. Each year, millions of fans tune in to watch the semifinal games and the national championship, creating a level of excitement and anticipation that is unmatched in college football. The playoff has also provided a platform for some of the best teams and players in the country to showcase their skills on a national stage, further elevating the profile and popularity of the sport.

In conclusion, the College Football Playoff is a four-team postseason tournament that determines the national champion in American college football. It replaced the Bowl Championship Series in 2014 and is determined by a committee of 13 members who rank the top 25 teams in the country. The top four teams in the final rankings compete in two semifinal games, with the winners advancing to the national championship. While the CFP has brought increased excitement and controversy to college football, it has also provided thrilling moments and a platform for the best teams and players in the country.