Rose Bowl — Big Ten #1 vs. Pac-12 #1 (2014 Playoff game) #2 Auburn (Sec Champ) vs #3 Alabama

Sugar Bowl — SEC #1 vs. Big 12 #1 (2014 Playoff game) #1 Florida St. (Acc Champ) vs #4 Michigan St. (Big 10 Champ)

Orange Bowl — ACC #1 vs. SEC #2, Big Ten #2, or Notre Dame

Peach Bowl — at-large or "Group of Five"

Cotton Bowl — at-large or "Group of Five"

Fiesta Bowl — at-large or "Group of Five"

Automatic Bids:
Baylor (Big 12 champ)
Stanford (Pac 12 champ)
UCF (Group of Five)

with 6 spots left BYU would need to be selected over 3 of these 8 as an at-large:
#7 Ohio State (12-1)
#8 Missouri (11-2)
#9 South Carolina (10-2)
#10 Oregon (10-2)
#11 Oklahoma (10-2)
#12 Clemson (10-2)
#13 Oklahoma St (10-2)
#14 Arizona St (10-3)

It looks like a closer call than most have been saying, but looks like a one loss BYU team without a strong SOS gets left out in this Hypothetical. It's crazy that 4 SEC teams could be in big time pay out slots.