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