Good start....not nearly enough.
At the end of this thing there will be:
#1...16 teams, seeded via selection committee. SoS will rule the day, taking a queue from the NCAA BB committee. BTW, need to get a couple of BB selection members on the committee.
#2...Automatic bids to respective conference champs. After that, nothing guaranteed. ND will beg to join a conference, any conference.
#3...First two rounds, higher seeded team gets home field advantage, keeping money 'in town' rather than in some FL city. Reward for season excellence.
#4...Last two rounds exactly the same as it is now...major bowls switch around each year to host semi's.
#5...Highest bidder gets champ game. Revenues will double or triple current payouts.
Rest of bowl games and teams chosen exactly how it is now.
Call it the "NIT" process...don't make it to the 16 team playoff?, welcome to the Outback bowl. And all NIT bowls will be played before the semi's.
This is how it's going to end up.