The College Football Playoff Selection Committee this afternoon announced the inaugural College Football Playoffs field.

Selection Sunday put Alabama versus Ohio State and Oregon versus Florida State, with the winners vying for the national championship.

Wisconsin's Melvin Gordon is tackled by Ohio State's Marshon Lattimore during the second half of the Big Ten Championship at Lucas Oil Stadium on Sunday in Indianapolis. Ohio State won 59-0. (Photo: Joe Robbins/Getty Images)

To summarize things:
-- No. 1 Alabama, the Southeastern Conference champion at 12-1 with a 42-13 win Saturday over Missouri (10-3), vs. No. 4 Ohio State, the Big Ten Conference champion at 12-1 with a 59-0 win over Wisconsin (10-3), in the Allstate Sugar Bowl on Jan. 1, 2015, in New Orleans.
-- No. 2 Oregon, the Pacific 12 Conference champion at 12-1 with a 51-13 win over Arizona (10-3), vs. No. 3 Florida State, the Atlantic Coast Conference champion at 13-0 with a 37-35 win over Georgia Tech (10-3), in the Rose Bowl Game presented by Northwestern Mutual on Jan. 1, 2015, in Pasadena, Calif.

The winners play in the national championship on Jan. 12, 2015, at AT&T Stadium, the home of the NFL's Dallas Cowboys, in Arlington, Texas.

This is the equivalent of Division I college basketball's NCAA Final Four for college football, the first time NCAA FBS has had a playoff ever.

Big 12 Conference co-champions Baylor and Texas Christian finished fifth and sixth in the College Football Playoff Selection Committee final rankings. Baylor (11-1) beat No. 11 Kansas State (9-3) 38-27 and TCU (11-1) beat Iowa State 55-3 on Saturday.

The College Football Playoff Selection Committee has been ranking teams during the regular-season.