Everybody knows how to correctly organize a championship tournament. The pro organizations all do it based on division champions plus some win/loss scenarios to select remaining teams. All other NCAA sports do it based on conference champions plus some committee determined alternates. Even football in every level, except FBS, does it by conference champions plus remaining teams determined by a committee. FBS is the only NCAA sport, and only sport that I know of, that determines which conference champion to leave out based on a biased committee.
With the PAC12 imploding, there will be 9 actual conferences next year. Use every conference champion plus 3 or 7 at large teams. That would be a real championship instead of a pageant. Instead it looks like we are headed towards the five best conference champions, as determined by a committee, plus seven at large teams decided by the same committee. It will still be possible to have an undefeated G5 conference champion left out, even if they beat a team on the field that makes it in.
It will still be a totally biased process that will select teams based on politics. It will not be a championship.
@slugboy I prefer a system based on pre-defined rules that everybody understands before the season starts to something driven on stats and models. For the at-large teams, I have stated before that IF conference champions are guaranteed a spot, then a committee isn't deciding who to exclude, they are deciding which non-qualifying teams get a second opportunity. Such a committee would not have been able to exclude FSU, Liberty, SMU, Miami OH, Boise State, or Troy. For those who say that an 8-5 Boise State would "deserve" to be in the playoffs, I would ask if the 9-7 Giants were the 2011 NFL champions or not. If you don't exclude those teams who do everything that is asked of them to get into the playoffs, then the only controversy is about teams who couldn't actually qualify to get in.