This is what it would look like right now if that proposal goes through, obviously assuming who wins what conference:
FIRST ROUND BYE (Highest ranked conference champions)
#1 Georgia
#2 Oregon
#3 Ohio State
#4 Cincinnati
SEEDED GAMES (Based on CFP rank, games on higher seed campus)
#5 Alabama vs. #12 BYU
#6 Notre Dame vs. #11 Michigan State
#7 Oklahoma vs. #10 Ole Miss
#8 Michigan vs. #9 Wake Forest
This assumes:
Georgia and Alabama win out and Georgia beats Alabama in the SEC Championship
Oregon wins out
Ohio State wins out
Cincinnati wins out
Notre Dame wins out
Oklahoma wins out
Michigan wins this week and loses to Ohio State in a non-blowout.
Wake Forest wins out
Ole Miss wins out
Michigan State loses to OSU, but not bad.
BYU wins out
That's pretty much what it would look like. The format is the 4 most highly ranked conference champions get byes. After that, it's completely based on ranking, not conferences. The way the rankings would play out, this is what it would be. Of course, upsets will happen and that would change things...
For comparison, this is how it would have looked in 2016:
FIRST ROUND BYE
#1 Alabama
#2 Clemson
#3 Washington
#4 Penn State
SEEDED GAMES
#5 Ohio State vs. #12 Oklahoma State (at OSU)
#6 Michigan vs. #11 Florida State (@ UM)
#7 Oklahoma vs. #10 Colorado (@ OU)
#8 Wisconsin vs. #9 USC (@UW)
We'd be #4 due to being the conference champion, and ranked #5. Ohio State would drop to the #5 seed because they didn't win the conference. After that, it's based completely on ranking.
One other thing...
There is also a proposal that uses the same format, except with a caveat that the 6 highest conference champions are taken... with the top 4 still getting the auto bids. Meaning 2 of the 1st round games would be required to have the next 2 highest conference champions in them. If that was the case, in 2016 Oklahoma State would have been replaced by Western Michigan since they were the 6th highest ranked conference champion
