Notre Dame, Michigan, Florida, Miami, Tennessee, Auburn?, LSU, Penn State, Texas, UCLA?, Georgia Tech?, Clemson?, Washington?
13 total, 5 question marks
versus
Alabama, Ohio State, Oklahoma, Nebraska, Georgia?, Florida State, USC, Arkansas?, Texas A&M?
9 total, 3 question marks.
I don't think anyone can make an argument that there are teams that deserve to be in over any of these teams.
However if you go with 12 (the top 2 tiers) they would have to be:
Notre Dame, Michigan, Miami, Tennessee, Penn State, Texas, Florida
vs.
Alabama, Ohio State, Oklahoma, Nebraska, USC
7 to 5
But when you go to 6, it becomes
Notre Dame, Michigan, Texas
versus
Alabama, Oklahoma, and USC
3-3
and it's hard to reduce beyond this point.
So yeah, football has its share of red powers. But given the colors of sports teams in general , it is not that high of a percentage.
Basketball, on the other hand, is a little startling. The Big 5 are all Blue!