Sorry, paywalled, but you might want to get a trial membership for this one, pretty interesting:
theathletic.com
In short, the current P5 schools (plus Notre Dame and recently admitted ACC school SMU) form a 70 team super-league broken up into 7 10-team division. There is an additional 10-team division made up of the remaining 60 or so FBS schools (top schools make the division, bottom schools from the division relegated each year and replaced by best schools from the rest).
Playoffs is the winners of the 8 divisions, plus 8 wild-cards determined by records and tie-breakers (no more committees). Players are paid a salary.
Lots of big wigs backing this idea. Seems too radical for me to see it happening, but radical times call for radical measures.

Inside the college football ‘Super League,’ one powerful group’s idea to fix a ‘dead’ system
A group of influential sports leaders and college presidents are pitching a drastic change to the current CFB model as the best way forward.

In short, the current P5 schools (plus Notre Dame and recently admitted ACC school SMU) form a 70 team super-league broken up into 7 10-team division. There is an additional 10-team division made up of the remaining 60 or so FBS schools (top schools make the division, bottom schools from the division relegated each year and replaced by best schools from the rest).
Playoffs is the winners of the 8 divisions, plus 8 wild-cards determined by records and tie-breakers (no more committees). Players are paid a salary.
Lots of big wigs backing this idea. Seems too radical for me to see it happening, but radical times call for radical measures.