Most people are conceding that Georgia is one of the best 4 teams but will still likely be left out, and UCF has gone 2 straight seasons without a loss yet still can't get a chance in the playoff. Let's just bite the bullet and go to an 8 team playoff (but never 16). Limit each school to 11 scheduled regular season games and play conf championship games the week of TG. Take the power 5 conf champions, then have 3 at large spots for independents, smaller conferences, and at-large bids, based on final ranking in the playoff poll. Play the first round at the home stadiums of the higher seed Dec 1 week and distribute revenue from the games.
Round 1) Washington at Alabama, UCF at Clemson, Ohio St at Notre Dame, Oklahoma at Georgia
Round 1) Washington at Alabama, UCF at Clemson, Ohio St at Notre Dame, Oklahoma at Georgia