So much depends on whether the B1G gets one or two teams into the CFP.
THe Big Ten bowl pecking order has gotten more complex over the years with tiers and choices. If I understand it correctly, the Orange Bowl could pick the 3rd place team (assuming 1 in the playoff), but that means that the Citrus Bowl can no longer pick a Big Ten team (likely the 5th place team). I also understand that it is possible for a Big Ten team to go to either the Music City Bowl or the Taxslayer Bowl (better known as the Gator Bowl), but not both. My understanding is also that a 6-6 tem cannot jump a team that is 7-5 or better (but I don't know that for sure). I also think that the bowl representatives show their hands a little bit (by attending various games and/or "off the record" discussions with the press).
Having said all that, my gut feeling is that the Holiday Bowl really wanted us, but Iowa has been trending up and we stunk against the badgers, so if there is only 1 B1G team in the CFP, then I would guess that Iowa would go to the Holiday Bowl and we will go to the Music City Bowl (or - much less likely - to the Taxslayer Bowl).
If the 6-6 rule is true, then we cannot slip down to the Foster Farm, Pinstripe or Quick Lane Bowls (those will be Maryland, Northwestern and Indiana).
Sorry so long-winded.