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 29, 2012:
1. Alabama (SEC Champion)
2. Oregon (PAC 12 Champion)
3. Kansas State (Big 12 Champion)
4. Notre Dame (At Large Independent)
5. LSU (At Large SEC)
6. Florida (At Large SEC)
7. Georgia (At Large SEC)
8. Florida State (ACC Champion)
9. South Carolina (At Large SEC)
10. Louisville (Big East Champion)
11. Boise State (Mountain West Champion)
12. Nebraska (Big 10 Champion)
13. Louisiana Tech (WAC Champion)
14. Northern Illinois (MAC Champion)
15. Louisiana-Monroe (Sun Belt Champion)
16. Tulsa (C-USA Champion)
Dropped out: Oklahoma (#7, At Large Big 12), USC (#8, At Large PAC 12), Ohio (#12, MAC Champion)
Number Of Teams by Conference:
SEC (5), ACC (1), Big 10 (1), Big 12 (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) South Carolina at (8) Florida State
(12) Nebraska at (5) LSU
(13) Louisiana Tech at (4) Notre Dame
(11) Boise State at (6) Florida
(14) Northern Illinois at (3) Kansas State
(10) Louisville at (7) Georgia
(15) Louisiana-Monroe at (2) Oregon
Round 2
(8) Florida State vs (1) Alabama
(5) LSU vs (4) Notre Dame
(6) Florida vs (3) Kansas State
(7) Georgia vs (2) Oregon
Round 3
(4) Notre Dame vs (1) Alabama
(3) Kansas State vs (2) Oregon
Championship Game
(2) Oregon vs (1) Alabama
