The Georgia Bulldogs will face the TCU Horned Frogs in the CFP National Championship on January 9 after prevailing in a pair of close semi-finals on New Year's Eve.

In the first of the two semi-finals, third-ranked TCU took on the two-seed Michigan Wolverines and produced the second-highest scoring playoff game since the inception of the new format in 2014.

The Horned Frogs looked set to coast through for a chance at their first National Championship since 1938 after their second pick-six of the game gave them a 34-16 lead late in the third period, but there would be plenty of points still to come.

In fact, the 44 combined points in the third quarter was the most ever in one quarter of a playoff game, and two quick touchdowns from Michigan cut the margin to 41-38 early in the fourth period.

Michigan got the ball back with 45 seconds and no timeouts, needing a touchdown to produce an incredible comeback win, but the TCU defense rose to the occasion and got the turnover-on-downs to escape 51-45 winners.

The second game was somehow even more dramatic, with defending champions Georgia scoring the game-winning touchdown with under one minute remaining to defeat the Ohio State Buckeyes 42-41.

Ohio State quarterback and likely top-five NFL Draft pick C.J. Stroud was excellent, completing 23 of his 34 passes for 348 yards, four touchdowns and no turnovers, but it was not enough.

Georgia quarterback Stetson Bennett is now one game away from leading the Bulldogs to consecutive titles, matching Stroud stride-for-stride as he completed 23-of-34 for 398 yards, three passing touchdowns and one rushing touchdown, including the game-winning pass to Adonai Mitchell with 54 seconds on the clock.

Quarterback Dylan Raiola decommitted from Ohio State on Saturday, with the top-ranked prospect for the 2024 NFL Draft available again.

Raiola chose the Buckeyes in May over USC, Alabama and other major programmes but is now set to be on the move, though a decision on his destination will not be rushed.

Speaking to 247Sports, Raiola's father Dominic, a former NFL center, said his son's services are not "close off to anybody".

"We have a lot of respect for Coach [Ryan] Day and the Ohio State programme," he said. "Everything is back on the table. His process is almost like it's restarting. It's not close off to anybody."

Nebraska could be the destination of choice for Raiola, with his uncle Donovan retained on the staff as offensive line coach following the appointment of Matt Rhule – though he already held the position when the commitment to Ohio State was made.

Raiola's departure comes ahead of Ohio State's College Football playoff against Georgia, where current starting quarterback C.J. Stroud may make his final appearance.