The BCS is officially dead. It's not perfect, it's a start. Here's what we know.

It's a four-team playoff. Have dreams of an 8-team or 16-team playoff? Forget about it.

Having carefully reviewed calendars and schedules, we believe that either an 8-team or a 16-team playoff would diminish the regular season and harm the bowls. College football's regular season is too important to diminish and we do not believe it's in the best interest of student-athletes, fans, or alumni to harm the regular season.

Like I said, it's a start. Boston College isn't going to play in a four-team playoff, maybe ever. But there is a glimmer of hope that the sport will eventually see the ridiculous amounts of money that can be made by extending the playoff to eight teams and we'll see a proper playoff in place ... at some point.

I'm happy to see the BCS finally scrapped, but the frustrating part is this is not a new problem. This is not rocket science. This problem has been solved by virtually every other NCAA-sanctioned varsity sport.

Like, math. There are four playoff spots and 11 conference champs. What's the purpose of having conferences if all you're going to do is have 2 SEC, 1 Big 12 and 1 Big Ten / PAC-12 / ACC team in a four-year playoff every year? It's only a matter of time now before another split. You can go ahead and pencil that in.

The powers that be will now take "two to seven" four-team playoff formats back to their respective university presidents, athletic directors and coaches and talk amongst themselves. BCS officials will meet again in Chicago in June. Details to be hammered out in the next five to seven weeks include selection method, criteria, semifinal and National Championship game sites and schedule. Basically, everything else.

More on this in the coming days. But one thing is clear -- the BCS is dead (after 2014). Long live a college football playoff.