In 2022, the title game will head north for the first time in modern history, with the matchup to be played at Lucas Oil Stadium in Indianapolis.
Now in its fourth season, the CFP had set a goal of placing its marquee event in 10 cities over its first decade.
Meanwhile, the Los Angeles game will be held at the future home of the Rams and Chargers in Inglewood, Calif., set to be completed in 2020.
"The CFP National Championship is one of the most popular sporting events in the United States and we're proud to bring the game to fans in different regions of the country", said Hancock in a news release.
"When we were talking about sites, we kept asking ourselves, 'Why not a northern tier city?'" Hancock told USA TODAY Sports. He also said that "the new stadium will be spectacular".More news: Here are the Russia-linked Facebook ads released by Congress
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The exterior of Lucas Oil Stadium is shown before an NFL football game between the Indianapolis Colts and the Baltimore Ravens in Indianapolis, Sunday, Oct. 5, 2014.
Tom Garfinkel, president and CEO of the Miami Dolphins, said in a statement, "We're excited that Hard Rock Stadium will play host to the biggest game in college football". The Los Angeles Host Committee will be responsible for hosting the event and will work closely with the CFP to deliver the most successful national championship game to date on January 9, 2023.
The inaugural championship took place in 2015 at AT&T Stadium in Arlington, Texas. It will play played at Levi's Stadium in Santa Clara in 2019 and New Orleans in 2020.
The 2018 national championship game is set to be played in Atlanta at the new Mercedes-Benz Stadium on January 8.
This year's College Football Playoff national title game is in Atlanta.