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Most(perhaps all) universities are still out this week, so a game this weekend doesn't affect them. So that leaves only 2 teams where it might affect the athlete's academics, but that would be for only 2 weeks at most (at the beginning of the semester), hardly a big deal. Especially since football players miss less class than the basketball players. Then add in that even the best football programs are on average only going to make it to the final game about 1 of every 5 years at most, and probably even less frequently. Since many classes only meet once or twice a week, not much different than a snow day.

I don't think they would agree to play with only a week of preparation. Heck they have had a month or more to prepare for these Bowl Games. I know the current system is full of flaws but so will be any system. The conferences vary in strength, schools non-conference games vary in strength and on and on. In basketball, besides the automatic bids, they are able to factor all of these things in during selection. And even with that there are arguments each year regarding some region being tougher than another.

I understand what you are saying though. If they wanted a playoff system, it's within reach. Of course then they might have to come to grips with the fact that college football is a business onto itself and they should end the charade of student athlete.