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 15, 2012:
1. Alabama (SEC Champion)
2. Oregon (PAC 12 Champion)
3. Kansas State (Big 12 Champion)
4. Notre Dame (At Large Independent)
5. Florida (At Large SEC)
6. Oklahoma (At Large Big 12)
7. South Carolina (At Large SEC)
8. LSU (At Large SEC)
9. Florida State (ACC Champion)
10. Louisville (Big East Champion)
11. Nebraska (Big 12 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: West Virginia (#4, Big 12 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) Louisiana-Monroe at (1) Alabama
(9) Florida State at (8) LSU
(12) Boise State at (5) Florida
(13) Ohio at (4) Notre Dame
(11) Nebraska at (6) Oklahoma
(14) Louisiana Tech at (3) Kansas State
(10) Louisville at (7) South Carolina
(15) Tulsa at (2) Oregon
Round 2
(8) LSU vs (1) Alabama
(5) Florida vs (4) Notre Dame
(6) Oklahoma vs (3) Kansas State
(7) South Carolina vs (2) Oregon
Round 3
(4) Notre Dame vs (1) Alabama
(3) Kansas State vs (2) Oregon
Championship Game
(2) Oregon vs (1) Alabama
