College football is on the verge of finally having a playoff, its own version of the final four.  Read more after the jump.

@Shay_Marie x @gametimegirl

For the first time, all the power brokers who run the highest level of the sport are comfortable with the idea of deciding a championship the way it’s done from pee-wees to pros. And the way fans have been hoping they would for years.

“Yes, we’ve agreed to use the P word,” Pac-12 Commissioner Larry Scott said Thursday.

They want to limit it to four teams. That’s for sure. Now they have to figure out how to pick the teams, where and when to play the games and how the bowls do or do not fit in. The new postseason format would go into effect for the 2014 season.

As for the 14-year-old Bowl Championship Series, it’s on life support. Any chance that it survives past the next two seasons? “I hope not,” said Southeastern Conference Commissioner Mike Slive, who pitched a four-team playoff four years ago but was shot down at this same hotel beachside hotel.

“This is a seismic change for college football,” BCS Executive Director Bill Hancock said after the 11 conference commissioners and Notre Dame’s athletic director wrapped up three days of meetings in south Florida.

SI