All conference champs play on Jan 1. The top 6 at large teams also get to play on Jan 1.
Rose goes back to Pac Champ vs. Big 10 Champ
Sugar Bowl Big 12 champ vs SEC champ
Orange Bowl ACC champ vs #1 at large
Fiesta, Cotton, Citrus, Peach, and Vegas pick among the remaining 5 at large teams and G5 champs. The only selection rule is no rematches.
Using the last AP poll before the bowl games here is your January 1, 2021
11am Est Orange Bowl #2 Clemson ACC champ vs. #5 Texas A&M at large
1pm Est Citrus Bowl #4 ND at large vs #7 Indiana at large
2:30 Est Fiesta Bowl #10 Florida at large vs #12 Iowa St at large
4:30 Est Cotton Bowl #6 Cincinnati AAC Champ vs Marshall CUSA champ
6:00 Est Rose Bowl #25 Oregon Pac 12 Champ vs #3 Ohio St Big 10 champ
8:00 Est Peach Bowl #9 Coastal Carolina Sun Belt Champ vs #11 Georgia at large
9:30 Est Sugar Bowl #1 Alabama vs #8 Oklahoma
11:00 Est Vegas Bowl #23 San Jose St MWC champ vs Ball St MAC Champ
The 2 highest ranked January 1 bowl winners play for the title 10 days later.
This shifts the focus from making the playoff to making a January 1 bowl. It honors all conference champs. Fewer players would skip their bowl games. It allows for a potential crazy finish to the season.