We first need to create 8 divisions of 9 teams each.

So we first start with two divisions for each of the three larger conferences: B1G, SEC, and ACC. We then reduce the PAC-10 and BXII to nine teams each. For the PAC-10 we remove Colorado, because it is furthest from the West Coast. For the BXII we take the three eastern schools and add them along with Notre Dame to the ACC.

This results in:

SEC West(8 teams): Oklahoma, Texas A&M, Texas, Missouri, Arkansas, LSU, Ole Miss, Mississippi State.

SEC East(8): Kentucky, Vanderbilt, Tennessee, Alabama, Auburn, South Carolina, Georgia, Florida.

B1G West(9): UCLA, USC, Colorado, Nebraska, Minnesota, Iowa, Wisconsin, Illinois, Northwestern.

B1G East(8): Purdue, Indiana, Michigan State, Michigan, Ohio State, Maryland, Penn State, Rutgers.

PAC (9): Washington, WSU, Oregon, OSU, Cal, Stanford, Arizona, ASU, Utah.

BXII (9) Houston, Baylor, TCU, Texas Tech, Oklahoma State, Kansas, K-State, Iowa State, BYU.

ACC South(9): Miami(FL), UCF, FSU, Georgia Tech, Clemson, Wake Forest, North Carolina, Duke, NC State.

ACC North(9): Notre Dame, Louisville, Cincinnati, West Virginia, Pitt, Syracuse, Boston College, Virginia Tech, Virginia.

We need three more teams to fill out the divisions. We divide the remainder of the FBS schools into three regions, and each region into four groups:

West:

MtW West: Hawaii, San Diego State, Fresno State, San Jose State, Nevada, UNLV

MtW Mountain: Boise State, Utah State, Wyoming, Colorado State, Air Force, New Mexico.

AAC: Tulsa, North Texas, SMU, UTSA, Rice

CUSA+Sun Belt: UTEP, NMSU, Sam Houston, Texas State

Southeast:

Sun Belt West: Troy, South Alabama, Southern Miss, Louisiana, Louisiana-Monroe, Arkansas State

Sun Belt East: Appalachian State, Coastal Carolina, Georgia State, Georgia Southern

AAC: Tulane, Memphis, East Carolina, Florida Atlantic, Charlotte

CUSA: Western Kentucky, Middle Tennessee, Jacksonville State, Louisiana Tech, Florida International, Kennesaw State.

North:

MAC West: Northern Illinois, Ball State, Western Michigan, Central Michigan, Eastern Michigan, Toledo

MAC East: Bowling Green, Miami(OH), Ohio, Akron, Kent State, Buffalo

Sun Belt + CUSA: Marshall, James Madison, Old Dominion, Liberty

AAC + Inidies: Temple, Navy, Army, UMass, UConn.

In each region, the four group winners have a two-round playoff to determine which team plays in the first tier.

So you might have:

West: Boise State, Fresno State, UTSA UTEP
Southest: Tulane, Troy, Coastal Carolina, Western Kentucky
North: Toledo, Ohio, James Madison, Navy

Possible assignments:

UTSA to SEC West
Tulane to SEC East
James Madison to B1G East

8 divisions of 9 teams play round-robin of 8 games, in regular season of 12 games. Top two in each division advance to playoffs. Division winners receive home game.

At discretion of conferences, first (and second round) may be played in conference (e.g. SEC W 2 @ SEC E 1; and SEC E 2 @ SEC W 1, with winners playing the final week). Thus the SEC would be guaranteed a team in the Final Four, but would also be limited to one team.

First round played on week after Thanksgiving replacing CCG, with second round following. If a conference uses these games to determine a champion they could be played at neutral sites, otherwise they would at home of higher seed.

Semifinals played on New Years Day with Final a week or so later.