Cignetti currently earns $11.6 million per year under an eight-year extension finalized in October. That deal requires Indiana to conduct a market review whenever the program reaches the CFP semifinals — a benchmark the Hoosiers hit Thursday with their dominant win over the Alabama Crimson Tide in Pasadena.

Rebels quarterback Austin Simmons plans to enter the NCAA transfer portal after two seasons in Oxford, according to On3's Hayes Fawcett. The move comes as Ole Miss continues its CFP run following a quarterfinal win over Georgia.

Traditional powers Ohio State, Georgia and Alabama exit the College Football Playoff along with Texas Tech. Upstarts Indiana, Ole Miss, Miami and Oregon continue on.

It’s Cal football’s future vs. the Bears’ recent past, with national championship implications: Tosh Lupoi vs. Fernando Mendoza. It’s not that simple, of course

Fernando Mendoza threw three touchdown passes, Indiana's defense thoroughly throttled Alabama, and the top-seeded Hoosiers roared into the College Football Playoff semifinals with a 38-3 victory.

Take a bow, Trinidad Chambliss! The Ole Miss Rebels quarterback had the game of his career at the right time. Against the Georgia Bulldogs in the CFP Quarterfinals, Chambliss turned in a career-best performance. The quarterback's heroics played a vital role in the Rebels' comeback win against the Bulldogs to secure a spot in the semifinals.

Ohio State did what it could in the second half against Miami in the Cotton Bowl, but couldn't dig itself out of the hole it dug in the first half:

Far from ruining the New Year’s Six bowls, the CFP has made them more thrilling than ever. In a New Year’s Eve prime-time showdown in AT&T Stadium, the Cotton Bowl featured the defending national champion Ohio State Buckeyes versus the last at-large Miami Hurricanes.