I am told that the MAC, Sun Belt, CUSA and MWC have agreed in theory to create a "bowl pool" with the AAAAAAAAACK now expressing interest.
Each conference would be guaranteed a minimum number of bowl participants though the pool might not include all the bowls of the leagues.
Each bowl would nominally have a pre-assigned pairing over an extended period (I've heard six years) but would not be guaranteed a specific league more than four of those years (they might get them all six but that's another matter).
The bowl directors and commissioners then would wheel and deal to create pairings.
Example 1. Take last year. GoDaddy had #25 Kent State vs. Arkansas State, Military had #24 SJSU vs. Bowling Green, Armed Forces had AFA vs. Rice. AFA might have been swapped to Military, SJSU to GoDaddy, and Arkansas State to Armed Forces. Military wins because they get AFA who has a huge DC presence, Armed Forces gets a strong ticket sale from Arkansas State who is more accessible to Fort Worth than Mobile, and GoDaddy gets a pairing of Top 25 teams as the lead-in to the title game.
Example 2. New Orleans might be Sun Belt vs. AAAACK. Tulane is bowl eligible.
Southern Miss is looking at a probable Beef O'Brady appearance. An eastern Sun Belt team goes to Beef O'Brady so USM and Tulane can renew their rivalry.
The downside being that when you start swapping to get good match-ups the geography is never going to work out perfectly and there will likely be a clunker every year but part of the goal is to make sure a pool bowl never gets a clunker twice in six year or at least never twice in a row.