The BCS system is a giant bag of garbage and should be eliminated asap.

A team should not be punished at the end of the year for having a weak schedule. Teams should not be eliminated from contention just because they lost 1 game in September. Team sports, like football, are not meant to be decided by judges' scoring like figure skating or gymnastics. You have a season, find out who's good then put them all in a tournament where the losers go home. The current notion that the season acts as a really long playoff is hogwash because they losers are not sent home, they are forced to continue playing for second, third or even lower placing with absolutely no chance of winning the national title. In football, the only way your post season should end with a win is if you are the champion.

10 game season, a week for conference championships/tiebreakers, followed by a 24 team tournament (8 teams get a bye). Number of tourney seeds per conference are based on that conference's record against other conferences the previous year (If the MAC is winless in inter-conference play the previous year they would only have a seeding for their conference champ, if the ACC is undefeated they would be offered 4-6 slots).

As for sponsorship and bowl names sites, these could be preserved. There is no reason a semi-final game can't be called the Rose Bowl and held in Pasadena.

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