The bowl system will need a major overhaul. Some of these tie ins should be broken away and handed down to G5 conferences, and the minimum requirement for P5 bowl eligibility should be 7 wins. They also need to get back to legitimately assigning placements for these games.
Like the 4th place SEC team vs the 4th place B10 team in the Citrus Bowl or whatever. Get these matchups to mean something again, moreso for the P5 programs, than the G5 teams.
Possible solution.
Expand CFP to 16 teams. First 8 games are hosted by the higher seeded team in their home stadium. You will then have 7 more games (4-2-1). Select 7 bowls to host the first six games. Rose, Sugar, Orange, Fiesta, Cotton, Peach and Gator. Rotate them if so inclined. All games played on Saturday with exception of national championship game. That game remains on a Monday night.
Create a tournament that parallels what the NIT is to college basketball. Take another 16 teams. Same structure. Instead of Saturday, the games are played on Friday night. First 8 games are hosted by higher seeded team. You then need 7 "bowl locations." First four off-site games: Quick Lane (Detroit), Music City (Nashville), Duke's Mayo (Charlotte) and Guaranteed Rate (Phoenix). Second set of off-site games: Citrus (Orlando) and Whatever-the Outback-is-named-now (Tampa), Hold the championship game every year at Alamo Bowl in San Antonio.
College football is wildly popular. I can see TV networks competing for viewerships on Friday nights. TV money shouldn't be any worse than now. I'd think that it would only get better.
Biggest problems that I see:
Do you still see significant attrition among the draft prospects? Probably. For example, Kaevon Merriweather isn't going to keep playing simply for the chance to hoist the championship trophy of the "other" CFP.
Is there a concern about adding 2, 3 or 4 games on top of a 12 game season? Sure, but that concern exists with expanding to 12 teams for CFP.
Will people give a damn? Not sure but I'm having a hard time believing that interest level would be
less than current interest in "lower tier" bowls. Would Iowa fans have more interest in watching the Citrus Bowl against Mississippi State if it is "as is" or if there may be the chance to advance to the Alamo Bowl to play Utah for the "other" CFP championship?
Travel to bowls? Friday night games are a problem. Fans would have to give up at least a full Friday to go. Only the true die-hards would be willing to make back-to-back trips. You'd essentially need significant "local" interest to put butts in stand for the first four "off site" games. That's why I picked larger metro areas (Detroit, Charlotte, Phoenix and Nashville) for the first round games. There's a decent chance that you could get corporate sponsorships and OK local attendance in addition to whatever participating school fan interest may exist. All of those cities have major airports and getting in/out is easy as compared to El Paso (Sun) and Memphis (Liberty) and larger population centers.
NFL conflicts? Another problem. Under the proposal, you'd have to coordinate with Lions, Panthers and Titans. Is it feasible for there to be a Friday night game if one of those teams is hosting a game on Sunday? I'd think it would be feasible but definitely creates some scheduling havoc.
Certainly nowhere near a perfect suggestion but something that I've played around with in my head for a bit now.