Consider the following scenario:
#7 Alabama beats #1 Georgia in SEC championship
Texas wins Big12
Michigan wins Big10 (lock into playoffs)
Florida State wins ACC (probably a lock to be in)
Washington wins Pac12 (lock)
Playoff would be:
1: Michigan
2: Washington
3: Florida State
4: ?
Who takes the final playoff spot in this scenario and why? How far does Georgia drop and how high does Alabama jump? Will the committee try to justify Alabama leapfrogging Texas, despite losing to them at home?