You can't find a better source on the happenings within the world of college football right now than CBS Sports' Brett McMurphy. In a story posted today, he sites sources close to the BCS talks taking place Wednesday in Chicago and the possible playoff formats being discussed that will later this month be presented to the Presidential Oversight Committee. The committee is made up of 11 FBS school presidents as well as Notre Dame's president and will eventually decide what playoff format will be put in place.

According to McMurphy and his sources, the possible scenarios being discussed Wednesday are as follows:

• Scenario #1 - A four-team playoff consisting of the top four ranked teams. The semifinals will be held at neutral sites using existing bowls;
• Scenario #2 - A four-team playoff consisting of the top four ranked teams. The semifinals will be held at neutral sites outside the bowl system;
• Scenario #3 - A four-team playoff consisting of conference champions (if ranked among the nation's top six or eight teams). This would also allow access for at least one non-conference champion or independent or more if at least three conference champions don't rank among the top six or eight teams. The semifinals will be held at neutral sites using existing bowls;
• Scenario #4 - A four-team playoff consisting of conference champions (if ranked among the nation's top six or eight teams). This would also allow access for at least one non-conference champion or independent or more if at least three conference champions don't rank among the top six or eight teams. The semifinals will be held at neutral sites outside the bowl system;
• Scenario #5 - A two-team "plus one" championship game, which would pit the nation's top two ranked teams after the bowls are completed.

Of those options above, which would you prefer? Or is there another scenario you believe would work better than one being currently discussed?