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