You would have to base it on the previous season, kind of like how the NFL does their schedule based on how teams finished the previous season.
Based on the previous season? Ok, so next year, we would know to seed Alabama, Georgia, Tennessee, Michigan and Washington among the dogs?
I have a better idea. One team per conference, with no conference championship games. Play a conference roundrobin and the team with the best record is the champion. Win your league or stay home.
Yes, the bloated television marketing consortiums would have to break up and convert back into real conferences. This would be a good thing. But the powers that be will do the opposite. How long will it be before Texas and Florida jump to the Big XX, because they represent the two biggest tv markets not already in that league?