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 4, 2012:
1. USC (PAC 12 Champion)
2. Alabama (SEC Champion)
3. LSU (At Large SEC)
4. Oklahoma (Big 12 Champion)
5. Oregon (At Large PAC 12)
6. Florida State (ACC Champion)
7. Georgia (At Large SEC)
8. Arkansas (At Large SEC)
9. West Virginia (At Large Big 12)
10. Michigan State (Big 10 Champion)
11. Boise State (Mountain West Champion)
12. Louisville (Big East Champion)
13. Ohio (MAC Champion)
14. Louisiana Tech (WAC Champion)
15. Southern Miss (C-USA Champion)
16. Florida International (Sun Belt Champion)
Dropped out: Michigan (#8, Big 10 Champion), South Carolina (#10, At Large SEC)
Number Of Teams by Conference:
SEC (4), Big 12 (2), PAC 12 (2), ACC (1), 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) Florida International at (1) USC
(9) West Virginia at (8) Arkansas
(12) Louisville at (5) Oregon
(13) Ohio at (4) Oklahoma
(11) Boise State at (6) Florida State
(14) Louisiana Tech at (3) LSU
(10) Michigan State at (7) Georgia
(15) Southern Miss at (2) Alabama
Round 2
(8) Arkansas vs (1) USC
(5) Oregon vs (4) Oklahoma
(6) Florida State vs (3) LSU
(7) Georgia vs (2) Alabama
Round 3
(4) Oklahoma vs (1) USC
(3) LSU vs (2) Alabama
Championship Game
(2) Alabama vs (1) USC
