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