I think I just solved the CFP conundrum and saved the conference championship game

First, the only participants can be a P4 school. So that means:

ACC
Big 10
Big 12
SEC

Bracket number/participation will be determined during the previous season. Conference Commissioners will meet at a summit with the CFP committee, and a drawing will take place.

Next, the rounds/seedings.

Round 1:
#2 and #3 in each conference play head-to-head on campus.

#1 will get a first round bye
#2 will be the home team
#3 will be the away team

Round 2:
Winner of Round 1 will play the #1 team in their respective conference championship game/location.

Round 3:
This will be the Semifinals. The locations will be a rotated NY6 Bowl (Peach, Sugar, Rose, Fiesta, Cotton, Orange). In my example, I show the Sugar and Peach bowl.

Round 4:
The National Championship. The 2 winners of the semifinals will play head-to-head in the National Championship. Winner takes all.


So, based on today's conference standings (before the games were played), it would have looked like this with my "prediction" of each game's winners.