BCS commissioners meet to discuss revenue distribution, playoff

BCS commissioners meet as a group for the first time since assembling a playoff beginning Tuesday in Chicago.

On the agenda is how to distribute that financial windfall from a playoff. Two sources have already confirmed to CBSSports.com that conferences involved in the Rose, Champions and Orange bowls will keep all the revenue in years those bowls don't pass through the national semifinals.

To be determined, the other three bowls in the six-bowl playoff rotation.

The Rose recently signed a deal for $80 million per year with ESPN. The Champions Bowl, created by the SEC and Big 12, is expected to get the same number. The site for the game is expected to be finalized in early October according to SEC commissioner Mike Slive. The Orange is expected to get something less than $80 million.

ESPN reported Monday that the Orange Bowl is close to a deal that would match the ACC champion against either Notre Dame or a team from the Big Ten or SEC.

The three-day meeting is being held in conjunction with the Collegiate Commissioners Association meetings at the Big Ten offices in Park Ridge, Ill.