Swofford has gone on record as supporting a 4 team playoff with the 4 highest ranked teams. This is the playoff preference of the SEC, which stands the best chance of sending multiple teams to a playoff in this format. The Big Ten and PAC 12 support a playoff using the 4 highest ranked conference champions. Do you think that Swofford/ACC is making the right choice for the ACC? A champions only format would probably give the ACC a better chance of making the field. Also, a playoff with only conference champions would greatly increase the chances of Notre Dame joining a conference. Notre Dame joining the ACC should be the biggest financial windfall available.
Having the 4 highest ranking teams should produce the best on-the-field product and it may be the "fairest" solution. But it may not be the best long-term financial and stability option for the ACC. If the ACC joined with the Big Ten and PAC 12, that would be a pretty solid block of teams supporting the champions only format. I would imagine that the mid-major conferences would be more in-line with this format too, as it should give them a greater chance of making the playoff.
I guess it comes down to most competitive/fairest playoff format vs. best chance to make playoff/woo Notre Dame.
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