SEC and B1G champs get byes. Everyone else plays their seeds.
1) Oregon
4) Penn State
5) Notre Dame
2) Georgia
3) Texas
6) Ohio State
12 teams, but with reseeding, assume same results. Top 4 conf champs get byes, but all teams are reseeded by ranking in the 2nd round.
1) Oregon
8) ASU
4) Penn State
5) Notre Dame
3) Texas
6) Ohio State
2) Georgia
7) Boise
In this case, Oregon gets a much more fair game against ASU vs. having to take on one of the hottest teams. Texas gets punished for losing the SEC title game and draws OSU and PSU gets punished for losing and draws Notre Dame.