re: alright lets take a legit look at the bowls...

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The Cotton and Outback are the same level. Both pay 3 million to the teams. Cotton generally takes West #2(Ole Miss) and Outback East #2(Tennessee). They could switch because OM was at the Cotton last year.

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Your info seems slightly out of date

SEC bowl tie ins

From the link above:

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The Capital One (2nd), will then make its pick following the BCS selections. The bowl must select the team with the next best overall record or a team within one win of the team with the next best overall record.

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This means the only options for the Capital One are the team with the best record not in the BCS (LSU at 9-3, 5-3) or a team within one game of that record (Ole Miss 8-4, 4-4). Because they used the term "overall record" instead of "conference record" then it seems neither UGA nor UT would be eligible for consideration this year (although like Ole Miss they were also 4-4 in conference)

Now Regarding the Cotton and lower seeded bowls:

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The Outback, Chick-fil-A and AT&T Cotton Bowls will work with the conference office to determine picks 3-5. The Cotton Bowl has the first preference of teams from the Western Division and the Outback Bowl has first preference of teams from the Eastern Division. The Cotton or Outback Bowl can select teams outside of its divisional preference, but must not select them before the opposite bowl selects from its divisional preference.

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As I read it (after the capital one) essentially the cotton gets first crack at a western team and the outback gets first crack at an eastern team. But if the Cotton wanted an eastern team the Outback didn't they could land them - and if the Outback wanted a western team the Cotton didn't they could as well.