This is my biggest complaint about the whole thing. For the sake of the argument I wish that the school wasn't Minnesota because it looks like I am biased. Minnesota has been the "cinderella" team all year. Unranked at the beginning, just kept improving and winning. Lets pretend we beat Iowa, NW, and Wisconsin and lose 38-24 to Ohio State.
We finished the year 12-0, but really 12-1 because of our loss in the Big Ten Title Game.
We might be #3 or #4 at that point behind OSU and LSU.
After our loss to Ohio State we would get knocked out of the playoffs and guess who will be primed to slide right in? Alabama.
We get punished for playing in the conference championship game and Alabama would essentially get a bye because they lost to a division opponent and kept themselves out of the conference championship game.
There is no one in the world that thinks a school like Minnesota gets into the playoffs at 12-1 over a 11-1 Alabama. That is even with Minnesota playing a tougher schedule, more ranked wins, winning their division, and playing an extra game.