.Sounds like they are making this more complicated than it needs to be, if they are trying to roll this into a single bowl entity. The obvious solution is to have the Champions Bowl played in the Cotton Bowl 6 years and in The Sugar Bowl 6 years. EVERYONE WINS; SEC/Big 12 Keep their Media rights revenue for each and every year. The BCS still has the Cotton and Sugar to host 8 combined semifinals in 12 years. The Cotton Bowl and Sugar Bowl both end up with 6 Champion Bowls (Big 12 v SEC) 4 National Semi Finals and 2 years of open seating where they can invite any team that is available.
If The SEC and Big 12 end up picking a single Bowl entity and surrendering media rights revenue for hosting a semi final someone needs to lose their job. There is no good reason the Big 12 /SEC should be doing that. It will cost each and every school in the Big 12 $4 Million dollars each time they host a semi final. It will cost each and every school in the SEC $2.86 million every time they host a semi final.
@GrayGrantham That goes to my question. Why host any at all? Pick one bowl to host the champions every year and kick the semi back to the other bowls. They probably want more of the semi's anyway. (Been saying the same about the Rose too -- and maybe the Orange.)