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Current Video:Horrow: BCS Business Report|

Rick Horrow breaks down the history of the BCS.

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Automatically Generated Transcript (may not be 100% accurate)

On fox sports news analyst -- -- talky bit business out of college football polls -- across America. Part one. Postseason begins 23 days 35 game seventies it's. 14100 television hours sixteen -- 280 million dollars in payouts and the regional economic impact of well over one point seven. Billion dollars well you think we got controversy now where we come from. The writers and coaches been voting for the respective champions since 1954. And there are still lived in split -- champions. The national championship vote was split between the coaches and writers -- eleven times since they began voting at safety for the bowl coalition began in 1982. The bowl alliance attempted to improve that system three years later the current bowl championship series is getting in 1988. Ironically remember that's. This was conglomerate ISL proposed a sixteen team college football playoff around that time colleges. Rejected the proposal both 315 million dollars annually would have been twice the amount paid for each of the first eight years. Just the beginning of the BCS. Well. The big names to -- so -- two years what are these names Anderson and Hester Richard Billingsley. Colley matrix Kenneth Massey -- -- tees. Those six computer programs comprise the computer rankings percentage. Last year at Louisiana State Alabama selection process was the closest ever in 86 thousandths of a point. This year Notre Dame vs the SEC southeast semifinal win over Alabama. This election two years now will be handled by March Madness like super committee. I can't wait the more things change the more they stay the same for fox sports I'm Rick Horrow.

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