cwbytruckers
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SHSU was #1 in the coaches poll. It looks like the seeding somewhat follows this other ranking system:
FCS College Football Rankings - Simple Ratings System | NCAA.com
Just to add to the discussion, once the top 8 teams have been decided to receive the first round bye, teams 9-24 are paired based off geography. The host team is the one in each pairing that bid the highest to host. The minimum bid is $30,000. It's possible to have the #9 and #10 team play each other in the first round. It's also possible for the #24 team to host if their bid was high enough.
Seriously? And we thought the FBS was ruled by money. That explains a lot. I would have never guessed they did that. Makes their regular season meaningless almost.