This will change, but as of today the bracket appears as such:
(12) Boise St
vs
(5) Ohio St.
Winner plays at (4) BYU
(9) Tennessee
vs
(8) Penn St.
Winner plays at (1) Oregon
(11) Alabama or LSU or SMU
vs
(6) Texas
Winner plays at (3) Miami
(10) Notre Dame
vs
(7) Indiana
Winner plays at (2) Georgia
*LSU and/or SMU could also be the (11) seed.
**Texas A&M, Colorado, and Iowa St. still have an outside shot to get into the playoff and earn a bye as Conference Champions.
***Army has an outside shot to get in the playoff as the highest ranked G5 team, but Boise St. would really have to stumble.