Ok, following the guidelines that ohiocornhusker set up, I took the 11 conference winners, 5 wildcards, and seeded them by BCS ranking (no more than 2 teams per conference in the playoff).
1. LSU - SEC Champ
2. Alabama - Wildcard
3. Oklahoma St - Big 12 Champ
4. Stanford - Wildcard
5. Oregon - Pac 12 Champ
6. Boise St - Wildcard
7. Kansas St - Wildcard
8. Wisconsin - Big Ten Champ
9. Virginia Tech - Wildcard
10. Clemson - ACC Champ
11. TCU - Mtn West Champ
12. So Miss - C-USA Champ
13. West Virginia - Big East Champ
14. Arkansas State - Sun Belt Champ
15. Northern Illinois - MAC Champ
16. Louisiana Tech - WAC Champ
First Round Games:
LSU vs Louisiana Tech
Wisconsin vs Virginia Tech
Stanford vs West Virginia
Oregon vs So Miss
Alabama vs Northern Illinois
Kansas St vs Clemson
Oklahoma St vs Arkansas St
Boise St vs TCU