""This has been another great season for college football, from the first weekend right through today's announcements, and we're excited that the top two teams for this year's championship game are two storied programs that have great tradition with us at the Sugar Bowl," said Paul Hoolahan, chief executive officer of the Allstate Sugar Bowl.
Both teams come into the National Championship game with outstanding defenses.
Alabama is rated No. 1 in the nation allowing just 191.25 yards and 8.83 points per game. LSU is second in the nation, allowing 252.08 yards and 10.54 points per game.
LSU cornerback Tyrann Mathieu, the "Honey Badger", won the Chuck Bednarik Award for top defensive player and finished fifth in Heisman Trophy voting. His defensive backfield partner, Morris Claiborne, won the Jim Thorpe Award for top defensive back.
Meanwhile, the Outland Trophy for best interior lineman went to Alabama offensive tackle Barrett Jones. Running back Trent Richardson won the Doak Walker Award for top running back and received the third-most votes for the Heisman Trophy.
LSU's Les Miles won the Home Depot Coach Of the Year and the Frank Broyles Award for top assistant coach went to his defensive coordinator, John Chavis.
The CollegeFootballPoll.com All-America team includes Alabama's Richardson and Jones, along with linebackers Dont'a Hightower and Courtney Upshaw. They were joined by LSU's Mathieu and Claiborne.
LSU's Miles tied with Kansas State's Bill Snyder in fan voting at CollegeFootballPoll.com for top head coach.
Offensively, the Crimson Tide's Richardson rushed for 1,583 yards and 20 touchdowns. However, the Tigers counter with one of the most productive offensive backfields in the country with four standout running backs who combined to rush for 2,314 yards and 30 touchdowns.
Miles is in his seventh year in Baton Rouge, having posted a 75-17 (.815) record. This will be his seventh bowl appearance, having posted wins in five of those games, including the 2006 season Sugar Bowl over Notre Dame. He spent four years as the head coach at Oklahoma State prior to taking the LSU position.
Saban has the unique challenge of going against one of his former schools in this year's championship game. In his five years in Tuscaloosa, the 60-year old Saban has posted a 54-12 (.818) record. He has directed the Crimson Tide to bowl appearances in all five of his seasons. A West Virginia product, Saban graduated from Kent State University and was the head coach at LSU from 2000-04. He has also served as the head coach with Michigan State, Toledo and the Miami Dolphins.
The Allstate BCS National Championship on Monday, Jan. 9, 2012 in New Orleans at the Mercedes-Benz Superdome. The game is scheduled to kick off at 7:30 p.m. (CT) and will be televised by ESPN.
The Congrove Computer Rankings' preseason projections put Alabama in this game against Oklahoma and had Oklahoma winning the national title. Alabama was ranked 2nd and LSU 6th. It now has LSU ranked 1st, Oklahoma State ranked 2nd and Alabama 3rd. It now favors LSU by 4.16 points to win the big game.