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 19, 2012:
1. Notre Dame (At Large Independent)
2. Alabama (SEC Champion)
3. Oregon (PAC 12 Champion)
4. Georgia (At Large SEC)
5. Florida (At Large SEC)
6. Kansas State (Big 12 Champion)
7. Florida State (ACC Champion)
8. LSU (At Large SEC)
9. Texas A&M (At Large SEC)
10. Nebraska (Big 10 Champion)
11. Louisville (Big East Champion)
12. Northern Illinois (MAC Champion)
13. Utah State (WAC Champion)
14. Tulsa (C-USA Champion)
15. Fresno State (Mountain West Champion)
16. Arkansas State (Sun Belt Champion)
Dropped out: Louisiana Tech (#12, WAC 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) Arkansas State at (1) Notre Dame
(9) Texas A&M at (8) LSU
(12) Northern Illinois at (5) Florida
(13) Utah State at (4) Georgia
(11) Louisville at (6) Kansas State
(14) Tulsa at (3) Oregon
(10) Nebraska at (7) Florida State
(15) Fresno State at (2) Alabama
Round 2
(8) LSU vs (1) Notre Dame
(5) Florida vs (4) Georgia
(6) Kansas State vs (3) Oregon
(7) Florida State vs (2) Alabama
Round 3
(4) Georgia vs (1) Notre Dame
(3) Oregon vs (2) Alabama
Championship Game
(2) Alabama vs (1) Notre Dame
