Just put the conference champions from the FBS conferences into a bracket and call it a day. ND can sign up or shut up, and there's no ranking or voting or whatever necessary outside of seeding. If someone isn't happy with their seed, they still have the opportunity to settle it on the field.
Yes, you'll still end up with a Bama-Georgia situation from time to time exiting regular season, but it's then exceptionally clear that you must win your conference to join the playoff dance.
I say all of this as a Georgia fan who knows we had our shot on 12/1 and shat the bed.
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