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 22, 2012:
1. Alabama (SEC Champion)
2. Florida (At Large SEC)
3. Kansas State (Big 12 Champion)
4. Oregon (PAC 12 Champion)
5. Notre Dame (At Large Independent)
6. LSU (At Large SEC)
7. Oklahoma (At Large Big 12)
8. USC (At Large PAC 12)
9. Florida State (ACC Champion)
10. Louisville (Big East Champion)
11. Boise State (Mountain West Champion)
12. Ohio (MAC Champion)
13. Nebraska (Big 10 Champion)
14. Louisiana Tech (WAC Champion)
15. Tulsa (C-USA Champion)
16. Louisiana-Monroe (Sun Belt Champion)
Dropped out: South Carolina (#7, At Large SEC)
Number Of Teams by Conference:
SEC (3), Big 12 (2), PAC 12 (2), ACC (1), Big 10 (1), Big East (1), C-USA (1), Independent (1), MAC (1), Mountain West (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) USC
(12) Ohio at (5) Notre Dame
(13) Nebraska at (4) Oregon
(11) Boise State at (6) LSU
(14) Louisiana Tech at (3) Kansas State
(10) Louisville at (7) Oklahoma
(15) Tulsa at (2) Florida
Round 2
(8) USC vs (1) Alabama
(5) Notre Dame vs (4) Oregon
(6) LSU vs (3) Kansas State
(7) Oklahoma vs (2) Florida
Round 3
(4) Oregon vs (1) Alabama
(3) Kansas State vs (2) Florida
Championship Game
(2) Florida vs (1) Alabama
