I tend to think that, in an eight team playoff, that 12-1 Nebraska team would get in unless the OT CCG loss was to a 7-5 team. In that case, it would be justified to be left out. The conference championship games become a de facto part of the playoff. Win and you're in. I'd like to see the scenario that others proposed. Power 5 champs are in with three at large teams. The best team in the country is going to be in the tournament every year. There will still be a lot of arguing over last in/last out, but that's the nature of a playoff set up by a selection committee.