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 17, 2012:
1. LSU (SEC Champion)
2. Alabama (At Large SEC)
3. Florida State (ACC Champion)
4. Oregon (PAC 12 Champion)
5. Oklahoma (Big 12 Champion)
6. Georgia (At Large SEC)
7. USC (At Large PAC 12)
8. Clemson (At Large ACC)
9. West Virginia (At Large Big 12)
10. Louisville (Big East Champion)
11. Michigan (Big 10 Champion)
12. Boise State (Mountain West Champion)
13. Ohio (MAC Champion)
14. Louisiana Tech (WAC Champion)
15. Tulsa (C-USA Champion)
16. Louisiana-Monroe (Sun Belt Champion)
Dropped out: Michigan State (#7, Big 10 Champion), South Carolina (#10, At Large SEC), Southern Miss (#15, C-USA Champion), Florida International (#16, Sun Belt 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) Louisiana-Monroe at (1) LSU
(9) West Virginia at (8) Clemson
(12) Boise State at (5) Oklahoma
(13) Ohio at (4) Oregon
(11) Michigan at (6) Georgia
(14) Louisiana Tech at (3) Florida State
(10) Louisville at (7) USC
(15) Tulsa at (2) Alabama
Round 2
(8) Clemson vs (1) LSU
(5) Oklahoma vs (4) Oregon
(6) Georgia vs (3) Florida State
(7) USC vs (2) Alabama
Round 3
(4) Oregon vs (1) LSU
(3) Florida State vs (2) Alabama
Championship Game
(2) Alabama vs (1) LSU
