Round 1 games would be hosted by the higher ranked seeds. Rounds 2 - 4 would incorporate the bowl system with host cities/bowls bidding to host the games. The "Big 4" BCS bowls would be permanent playoff hosts on a round-rotating basis (Championship, semi-finals and 1 round 2 game).
For the week of September 26, 2011:
1. LSU (SEC Champion)
2. Oklahoma (Big 12 Champion)
3. Alabama (At Large SEC)
4. Boise State (Mountain West Champion)
5. Oklahoma State (At Large Big 12)
6. Stanford (PAC 12 Champion)
7. Wisconsin (Big 10 Champion)
8. Nebraska (At Large Big 10)
9. Oregon (At Large PAC 12)
10. South Carolina (At Large SEC)
11. Virginia Tech (ACC Champion)
12. South Florida (Big East Champion)
13. Houston (C-USA Champion)
14. Temple (MAC Champion)
15. Nevada (WAC Champion)
16. Louisiana-Lafayette (Sun Belt Champion)
Dropped out: Texas A&M (#8, At Large Big 12), Florida State (#11, ACC Champion), West Virginia (#12, Big East Champion), Florida International (#14, Sun Belt Champion), Ohio (#15, MAC Champion)
Number Of Teams by Conference:
SEC (3), Big 12 (2), Big 10 (2), PAC 12 (2), ACC (1), Big East (1), C-USA (1), MAC (1), Mountain West (1), Sun Belt (1), WAC (1), Independent (0)
Match ups round by round assuming higher seeds win.
Round 1
(16) Louisiana-Lafayette at (1) LSU
(9) Oregon at (8) Nebraska
(12) South Florida at (5) Oklahoma State
(13) Houston at (4) Boise State
(11) Virginia Tech at (6) Stanford
(14) Temple at (3) Alabama
(10) South Carolina at (7) Wisconsin
(15) Nevada at (2) Oklahoma
Round 2
(8) Nebraska vs (1) LSU
(5) Oklahoma State vs (4) Boise State
(6) Stanford vs (3) Alabama
(7) Wisconsin vs (2) Oklahoma
Round 3
(4) Boise State vs (1) LSU
(3) Alabama vs (2)Oklahoma
Championship Game
(2) Oklahoma vs (1) LSU
