College Football Playoff trophy unveiled

College Football Playoff Executive Director Bill Hancock poses

College Football Playoff Executive Director Bill Hancock poses with he College Football Playoff National Championship Trophy on Monday, July 14, 2014, in Irving, Texas. Photo Credit: AP / Tony Gutierrez

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IRVING, Texas - A rising gold football-shaped trophy will be the prize for the national champion in the new College Football Playoff.

College Football Playoff executive director Bill Hancock unveiled the more than 2-foot-high trophy Monday. Made from 24-karat gold, bronze and stainless steel, the bottom of the trophy is shaped like a football and rises to form an actual-sized ball at the top. There are four laces, reflective of the four teams that will make it to the playoffs.

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When addressing the cost of the trophy, Hancock called it a "priceless one-of-a-kind piece of art."

The trophy, which weighs about 35 pounds, is designed to be hoisted from its foot-high bronze base that weighs another 30 pounds. Hancock took a selfie with the trophy sitting in its base, but said the first hoisting will be reserved for the winner of the first national championship game Jan. 12 in Arlington, Texas.

"It can be lifted out of the base and hoisted in quite an inspirational manner," Hancock said.

The trophy will be taken to different locations before the season, including Los Angeles this week, and showcased at several college football games during the season.

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