<P> Conferences receive an additional $6 million each year for each team it places in the semifinals and $4 million for a team in one of the three at - large bowls; Notre Dame receives the same amount in either scenario . No additional money is awarded for reaching the championship game . </P> <P> The Power Five conferences and the "Group of Five" have not decided on their respective revenue - sharing formulas, though the SEC initially receives more revenue than the other four Power Five conferences due to its BCS success . Reports say the money is to be divided based on several criteria such as "on - field success, teams' expenses, marketplace factors and academic performance of student - athletes ." The playoff system awards academic performance bonuses of $300,000 per school for meeting the NCAA's Academic Progress Rate standard of 930 . In a hypothetical 14 - team conference, $4.2 million ($300,000 x 14) would be allocated to that league, and if only 12 of the 14 members meet the APR standard, then each of the 12 schools would receive $350,000 ($4.2 million / 12), penalizing schools that fall below the threshold . </P> <P> BCS Properties, LLC holds all properties related to the College Football Playoff . Previous BCS commissioner Bill Hancock is the executive director of the playoff organization, with former ACC Senior Associate Commissioner Michael Kelly as COO . Like the BCS, the playoff system's management committee consists of the conference commissioners from the 10 FBS conferences and Notre Dame's athletic director . The playoff system's headquarters is in Irving, Texas . </P> <P> According to the CFP website, the system's operations are controlled by the Board of Managers, which consists of presidents and chancellors of the playoff group's member universities . The eleven members have sole authority to develop, review and approve annual budgets, policies and operating guidelines . The group also selects the company's officers . </P>

Who is going to be in the college football playoffs