HRE Otto IV
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That's 5 weeks of playoffs on top of a regular season of at least 10 games and a conference championship game for some. Tough fit if they want to show any recognition of the student part of student athlete. And on the other end, non-playoff teams get an additional revenue hit by a shortened regular season.
12 teams is established as doable, so staying with that: guarantee 4 teams: a G5 team and the next top 3 conference champs. Add 8 at-large, seed them, and give the top 4 a bye.
A case could be made to consider whatever is left of the B12 and/or ACC as a G5 at some point.
FCS is able to figure out how to have a 24 team playoff. The FBS should be able to as well.
Assuming the PAC does not survive, the G5 has 5 of the 10 votes for the playoff format. They are set to get 2 auto bids now, when before they were getting only one. There is no way they would agree to go under 5 auto bids, let alone approve zero auto bids. And to get down to 5 auto bids, they are going to need to get more guaranteed money to give up that 6th auto bid.
The B18 and SEC will have only 2 of the 10 votes. Although Notre Dame would also vote for no auto bids to increase the chances they make the playoff. Before the B18 and SEC could align with the ACC, B12, and PAC against the G5. Now is it really smart for the ACC or B12 to align with the two conferences who want you gone?