It is asinine, and completely convoluted. And any thoughts that they might improve it in 2016, think again. The article below shows some of the thinking going on, which is quite likely to make this thing a double clustef***k.
I'm not sure what the difficulty is in understanding that the obvious and fairest solution is a 16-team playoff (I would prefer 8, but there's no way they'll ever go backward) with the teams ranked #1 thru #16, with auto bids for conference champs but no byes. #1 plays #16, #2 plays #15, and so on.
If you keep it at 12 teams, just eliminate the auto byes for conference champs and give the byes to the top four ranked teams. And both of these formats have a BCS type computer program determining rankings, doing away with the odious "committee".
These proposals, of course, have zero chance of ever being instituted because they take control out of the hands of the powers that be, meaning the SEC, Big 10, and ESPN.
Automatic qualifiers could hit the CFP as early as 2026
www.cbssports.com