And you can keep all the meaningless Beef O'Brady bowls as well.
I don't want the Conf USA, MAC, WAC (without Boise St) champions in any playoff of under 32 teams.
I think the fairest way is to put automatic qualifying rules similar to the current BCS. Here's how i would set up a 16 team playoff:
Rule 1: A team must finish within the top 25 of the final BCS rankings in order to qualify for a playoff spot (eliminates conference champions with mediocre records)
Rule 2: Any conference champion that meets the requirements of rule 1 is guaranteed a spot in the playoffs.
Rule 3: All of the teams remaining will be selected according to BCS rankings with a limit of three teams per conference (try to at least preserve some regular season meaning)
So this year the playoffs would look like this:
BCS: News, highlights and insights into the Bowl Championship Series
Auburn* vs Utah
Oregon* vs Nevada
TCU* vs Ok St
Wisconsin* vs Missouri
Oklahoma* vs Boise St*
Stanford vs Va Tech*
Ohio State vs LSU
Arkansas vs Mich St
Two things: notice no Big East representative. UConn wasn't in the top 25 so they didn't qualify. Also, notice that even though Alabama, A&M, and Nebraska was ranked ahead of Utah they didn't qualify because three SEC & Big 12 teams had already qualified.
Teams in playoff per conference: