Something along these lines...

With a sense for balancing power between the two divisions as well.

"NORTH" (Also known as the Expansion Division):
Boston College
WVU
Pittsburgh
Syracuse
UT
OU
OSU
Kansas
BYU
Louisville

"SOUTH" (Also known as the Good Ole Boys Division):
Va Tech
Univ. Va
Wake Forest
Duke
UNC
NC State
Miami
GTech
Florida State
Clemson

IF in pod arrangement:

OU
OSU
UT
Kansas
BYU