What if they did 10 teams (5 power conference champions, top G5 conference champion, 4 at-larges)? Assuming all of the favorites win those unnecessary CCGs...
First round
(7)Alabama (10-2) vs (10)#Tulane (11-2)
(8)#Clemson (11-2) vs (9)Penn St (10-2)
---------- Quarterfinals
(1)#Georgia (13-0) vs Clemson or Penn St
(4)#USC (12-1) vs (5)Ohio St (11-1)
(2)#Michigan (13-0) vs Alabama or Tulane
(3)#TCU (13-0)* vs (6)Tennessee (10-2)
#conference champion