I'm in favor of an 8 team playoff. Conference champ of the P5 schools get in. 3 At-Large bids. If you really wanted to keep some historical involvement (read: money), you could keep the major bowls involved.

 

Rose Bowl

Big Ten champ vs Pac 12 champ

 

Fiesta Bowl

Big 12 champ vs At-Large At-Large #3

 

Sugar Bowl

SEC champ vs At-Large #2

 

Orange Bowl

ACC Champ vs At-Large #3

 

 

 

That way, the four major money bowls still get their sites every year and they still have their same conference affiliations. You could also develop new pretty cool "rivalries" between the Bowls themselves. What I mean by that is, if the Sugar Bowl always plays the Orange Bowl champ in round 2, it will build the ACC / SEC rivalry because you know that only one of the conference champs can play for the NC.

 

 

Just my thoughts.

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