Power 4 conference winners
B10 - OSU over Oregon
ACC - SMU over Miami
SEC - Texas over Ole Miss
B12 - Iowa State over BYU
G5 top ranked - Boise State
Fairly obvious at large's
Oregon
Notre Dame
Miami (Obvious due to undefeated regular season)
That leaves the following teams for the remaining 4 spots.
Indiana (11-1, loss at OSU, no elite wins)
Penn State (11-1, loss home to OSU, no elite wins)
Georgia (Loss at Bama, and loss at Ole Miss, but win at Texas, over Tennessee)
Bama (Loss to Vandy, Loss to Tennessee, wins over Georgia, Mizzou, LSU)
Tennessee (Loss at Georgia, and at Arkansas, but win over Bama, no other huge wins)
BYU (Loss in B12 title game, no huge wins)
Ole Miss (3 losses, but win over Georgia, and played in SEC title game)
LSU (3 losses, but win over Ole Miss, and at Vandy)
Projections
1 seed OSU, playing winner of 8 Georgia v 9 Penn State
2 seed Texas, playing winner of 7 Miami v 10 Bama
3 seed SMU, playing winner of 6 Notre Dame v 11 Indiana
4 seed Iowa State, playing winner of 5 Oregon v 12 Boise State
I would actually love this draw. I do think IU's relative lack of SOS will hurt our seeding, if we do lose to OSU. But its hard to see us not making it. 1 loss BYU team might be biggest threat to bump a team like IU. But it would take that, AND a 2 or even 3 loss SEC type team to also leap frog IU. Don't think that happens.