On Tuesday the 12-member Bowl Championship Series president's oversight committee agreed.
"There were differences of views," Steger said. "I think it would be a serious mistake to assume it was a rubber stamp."
Instead of simply matching the nation's No. 1 and No. 2 teams in a championship game after the regular season, the way the Bowl Championship Series has done since 1998, the new format will create a pair of national semifinals. No. 1 will play No. 4, and No. 2 will play No. 3. The sites of those games will rotate among the four current BCS games - Rose, Orange, Fiesta and Sugar - and two more to be determined.
The winners will advance to the championship on the first Monday that is six or seven days after the last semifinal.
The site of the title game will move around the way the Super Bowl does, with cities bidding for the right to host.
The teams will be selected by a committee, similar to the way the NCAA basketball tournament field is set.
The commissioners want to lock in this format for 12 years with a television partner. The current BCS deal with ESPN runs through the 2013 season. The new format will be presented to potential TV partners in the fall, starting with ESPN.
There are still some details to work out, but all the decision-makers are on board.
Lower divisions of college football already have a playoff, but the highest level has always used bowls and polls to determine its champion. Those days are coming to an end.
"By making this change we felt we could enhance the regular season but at the same time provide the fans with the kind of postseason that will contribute to the regular season," Southeastern Conference commissioner Mike Slive said.