On Tuesday, a group of prominent business leaders, athletic directors and school presidents announced a proposal for a new college football "super league," dubbed the College Student Football League, according to Justin Williams of The Athletic.

The proposal would reorganize the 136 FBS schools into two conferences. The Power 12 Conference would be comprised of 72 schools drawn from the current Power Five conferences, while the Group of 8 Conference would feature 64 schools from the current Group of Five conferences.

Group of 8 schools would have the chance to earn promotion into the Power 12 Conference after a given season, but Power 12 schools would not face relegation.

The Power 12 Conference would be split into 12 divisions and feature a "geographical- and results-based scheduling model to foster more competitive matchups, while still preserving certain long-standing rivalries, even between teams in different divisions."

In the current proposal, for instance, rivals such as Michigan and Ohio State would end up in different divisions. In fact, 12 prominent institutions—Notre Dame, Penn State, Michigan, Ohio State, Clemson, Alabama, Georgia, LSU, Oklahoma, Texas, USC and Oregon—were split apart, with one in each division.

The season would conclude with a 24-team playoff.