On Saturday night, the 81st Heisman Trophy will be presented to a deserving winner at the Best Buy Theater in New York City. This past week, it was announced that there would be three finalists taking part in the ceremony. College football's highest honor may be given out to either Stanford running back Christian McCaffrey, Clemson quarterback Deshaun Watson, or Alabama running back Derrick Henry.

Over 900 voters across the nation have cast their ballots for 2015 Heisman Trophy, but the vote is not going to be easy as each of the contenders has an excellent case to make as to why they should win the award.

Henry is said to be the early crowd favorite to win the trophy. The Alabama workhorse has rushed for 1,986 yards and delivered 23 touchdowns this year. Meanwhile, Watson has helped lead the Clemson Tigers to an undefeated regular season and has thrown for a total of 3,512 yards and 30 touchdowns in the air. He also added 887 yards and 11 touchdowns on the ground. McCaffrey, Stanford's running back/return specialist, who is also active on special teams, is supposed to be the finalist with the most versatility. He has 3,496 all-purpose yards--a record that leads the country by over 1,000 yards.

Related: 2015 Heisman Trophy Finalists: Christian McCaffrey and Derrick Henry Interview, Performance & Their Chances of Winning This Year 

Even though Henry is pegged to win both the Heisman Trophy and head to the NFL after his college team's playoff run, the other two finalists, Watson and McCaffrey, are still sophomores who are most likely to return to next year's list of Heisman nominees. They will possibly be joined with LSU's Leonard Fournette, Florida State's Dalvin Cook and Oklahoma's Baker Mayfield for the 2016 awarding.

Interestingly, the past five Heisman Trophy recipients have all been quarterbacks. The list includes Marcus Mariota, Jameis Winston, Johnny Manziel, Robert Griffin III and Cam Newton. It was back in 2009 that a running back won the award--Mark Ingram of Alabama Crimson Tide.

The announcement will be made on Saturday night and is expected to be highly anticipated. Here is how college football fans can watch the ceremony play out live on their TV sets or computer screens.

The televised portion will commence at 8 p.m. ET on ESPN, but the actual award will be presented to the winner closer to 9:30 p.m. ET. Live streaming will be available via the WatchESPN website. Those who have a cable subscription with access to Watch ESPN, or know someone who has an existing log-in info, will be able to access it.

Fans who choose to see the ceremony unfold on their smartphone's and tablet's screens will be able to do so by using the Watch ESPN mobile app. It is available on Google Play, iOS App Store, and Windows Store.