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 28, 2011:
1. LSU (SEC Champion)
2. Alabama (At Large SEC)
3. Oklahoma State (Big 12 Champion)
4. Stanford (At Large PAC 12)
5. Virginia Tech (ACC Champion)
6. Houston (C-USA Champion)
7. Oregon (PAC 12 Champion)
8. Boise State (At Large Mountain West)
9. Arkansas (At Large SEC)
10. Michigan State (Big 10 Champion)
11. Oklahoma (At Large Big 12)
12. TCU (Mountain West Champion)
13. West Virginia (Big East Champion)
14. Arkansas State (Sun Belt Champion)
15. Northern Illinois (MAC Champion)
16. Louisiana Tech (WAC Champion)
Dropped out: Louisville (#15, Big East Champion)
Number Of Teams by Conference:
SEC (3), Big 12 (2), Mountain West (2), PAC 12 (2), ACC (1), Big 10 (1), Big East (1), C-USA (1), MAC (1), Sun Belt (1), WAC (1), Independent (0)
Match ups round by round assuming higher seeds win.
Round 1
(16) Louisiana Tech at (1) LSU
(9) Arkansas at (8) Boise State
(12) TCU at (5) Virginia Tech
(13) West Virginia at (4) Stanford
(11) Oklahoma at (6) Houston
(14) Arkansas State at (3) Oklahoma State
(10) Michigan State at (7) Oregon
(15) Northern Illinois at (2) Alabama
Round 2
(8) Boise State vs (1) LSU
(5) Virginia Tech vs (4) Stanford
(6) Houston vs (3) Oklahoma State
(7) Oregon vs (2) Alabama
Round 3
(4) Stanford vs (1) LSU
(3) Oklahoma State vs (2) Alabama
Championship Game
(2) Alabama vs (1) LSU
