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 October 31, 2011:
1. LSU (SEC Champion)
2. Alabama (At Large SEC)
3. Oklahoma State (Big 12 Champion)
4. Stanford (PAC 12 Champion)
5. Boise State (Mountain West Champion)
6. Oregon (At Large PAC 12)
7. Oklahoma (At Large Big 12)
8. Arkansas (At Large SEC)
9. Nebraska (At Large Big 10)
10. Clemson (ACC Champion)
11. Houston (C-USA Champion)
12. Penn State (Big 10 Champion)
13. Cincinnati (Big East Champion)
14. Toledo (MAC Champion)
15. Nevada (WAC Champion)
16. Arkansas State (Sun Belt Champion)
Dropped out: Michigan State (#10, Big 10 Champion), Kansas State (#11, At Large Big 12)
Number Of Teams by Conference:
SEC (3), Big 10 (2), Big 12 (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) Arkansas State at (1) LSU
(9) Nebraska at (8) Arkansas
(12) Penn State at (5) Boise State
(13) Cincinnati at (4) Stanford
(11) Houston at (6) Oregon
(14) Toledo at (3) Oklahoma State
(10) Clemson at (7) Oklahoma
(15) Nevada at (2) Alabama
Round 2
(8) Arkansas vs (1) LSU
(5) Boise State vs (4) Stanford
(6) Oregon vs (3) Oklahoma State
(7) Oklahoma vs (2) Alabama
Round 3
(4) Stanford vs (1) LSU
(3) Oklahoma State vs (2) Alabama
Championship Game
(2) Alabama vs (1) LSU
