"In years when the bowls are not part of the playoff bracket, the highest-ranked non-playoff teams from the following conferences or groups will be selected as follows:[51]

Rose Bowl — Big Ten #1 vs. Pac-12 #1
Sugar Bowl — SEC #1 vs. Big 12 #1
Orange Bowl — ACC #1 vs. SEC #2, Big Ten #2, or Notre Dame
Cotton Bowl — at-large or "Group of Five" (committee selection)
Fiesta Bowl — at-large or "Group of Five" (committee selection)
Peach Bowl — at-large or "Group of Five" (committee selection)
"

http://en.wikipedia.org/wiki/College_Football_Playoff