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 24, 2012:
1. Alabama (SEC Champion)
2. LSU (At Large SEC)
3. Florida State (ACC Champion)
4. Oregon (PAC 12 Champion)
5. Georgia (At Large SEC)
6. West Virginia (Big 12 Champion)
7. Notre Dame (At Large Independent)
8. South Carolina (At Large SEC)
9. Kansas State (At Large Big 12)
10. Louisville (Big East Champion)
11. Michigan State (Big 10 Champion)
12. Boise State (Mountain West Champion)
13. Ohio (MAC Champion)
14. Louisiana Tech (WAC Champion)
15. Louisiana-Monroe (Sun Belt Champion)
16. Tulsa (C-USA Champion)
Dropped out: Oklahoma (#5, Big 12 Champion), USC (#7, At Large PAC 12), Clemson (#8, At Large ACC), Michigan (#11, Big 10 Champion)
Number Of Teams by Conference:
SEC (4), Big 12 (2), ACC (1), Big 10 (1), Big East (1), C-USA (1), Independent (1), MAC (1), Mountain West (1), PAC 12 (1), Sun Belt (1), WAC (1),
Match ups round by round assuming higher seeds win.
Round 1
(16) Tulsa at (1) Alabama
(9) Kansas State at (8) South Carolina
(12) Boise State at (5) Georgia
(13) Ohio at (4) Oregon
(11) Michigan State at (6) West Virginia
(14) Louisiana Tech at (3) Florida State
(10) Louisville at (7) Notre Dame
(15) Louisiana-Monroe at (2) LSU
Round 2
(8) South Carolina vs (1) Alabama
(5) Georgia vs (4) Oregon
(6) West Virginia vs (3) Florida State
(7) Notre Dame vs (2) LSU
Round 3
(4) Oregon vs (1) Alabama
(3) Florida State vs (2) LSU
Championship Game
(2) LSU vs (1) Alabama
