College Football Playoff Can Include The Bowls

I have found a way that FBS College Football can have the best of both worlds. You can have a true playoff and incorporate the bowls as well. Here is how it would work.

There are 10 FBS (Football Bowl Subdivision) conferences. The top 2 teams from each conference along with two at large teams would go to the 24-team tournament. The non-BCS bowls such as the San Diego Credit Union Poinsettia Bowl, the Emerald bowl, Eagle Bank Bowl, Music City Bowl, etc, would be first and second round playoff games. The BCS bowls would be the semifinal games and the championship game. Teams that are not included in the playoff would simply play in bowl games not included in the playoff (like the NIT in Basketball) if those teams are bowl eligible. If this system were in use this year, here is what the bracket would be:

First round

INTERNATIONAL BOWL Pitt vs Cent. Michigan
HOUSTON BOWL Texas vs Nevada
GMAC BOWL Troy vs Penn St.
Champs Sports Bowl GA. Tech vs Middle Tennessee
New Mexico Bowl Boise St. vs Ohio
Pappa Johns Bowl Iowa vs E. Carolina
Emerald Bowl Oregon vs BYU
Independence Bowl TCU vs Clemson
Meinecke Car Care Bowl VA. Tech vs Ohio St.
New Orleans Bowl Alabama vs Houston
Music City Bowl Cincinnati vs Nebraska
Liberty Bowl Florida vs Oregon St.

2nd Round

Outback Bowl winner/Internat. VS winner/Pappa Johns
Chick Fillet Bowl winner/GMAC vs winner/Champs Sports
Cotton Bowl winner/Houston vs winner/Independence
Holiday Bowl winner/New Mexico bwl VS winner/Emerald Bowl
Las Vegas Bowl winner/Meinecke Car Care VS winner/Liberty
Alamo Bowl winner/New Orleans VS winner/Music City Bowl

3rd round

Orange Bowl winner/Chick Fillet VS winner/Outback Bowl
Humanitarian Bowl winner/Cotton VS winner/Holiday Bowl
Fiesta Bowl winner/Las Vegas VS winner/Alamo Bowl

Semi-Finals

Rose Bowl Winner/Orange Bowl vs Winner/Fiesta Bowl

BCS National Championship Game (Sugar Bowl)
winner/Rose vs Winner/Humanit.

(if the system was in place this year) First Round Bowls Dec. 12
Second Round Bowls Dec. 19
Third Round Bowls Dec. 26
Semi-finals Jan-1-2
BCS Championship Jan 9

Your thoughts and opinions are welcomed.