If Michigan wanted to make the playoff they shouldn't have lost 5 games.
If Clemson wants to make the playoff they need to beat SMU.
If Iowa State wants to make the playoff they need to beat Arizona State.
If Alabama wanted to make the playoff they shouldn't have lost to ousux.
I'll be honest, I don't know why Pedo State got into the CCG over Indiana, but whatever the reason is, Indiana doesn't control its own destiny. I would advocate for Indiana to sneak in over the B1G CCG loser, even if that loser is Oregon.
I would prioritize qualification in the following order of importance:
exactly 3 teams qualify from SEC (UGA, Tex, Tenn)
at most 3 teams qualify from B1G (Oregon, Pedo, IU)
exactly 1 team qualifies from Big12 (CCG winner)
exactly 1 team qualifies from ACC (CCG winner)
at most 1 Independent team qualifies if they have 10+ wins (ND)
outstanding G5s quaify if they have 10+ wins and only quality losses (Boise)
Based on this year's results, ten teams would qualify for the playoffs, leaving two discretionary slots.
My sense is that the committee is going to have the following priorities:
Ohio State (10-2)
SMU if it loses the ACC CCG (11-2)
Miami (10-2)
Arizona State if it loses the Big12 CCG (10-3)
Iowa State if it loses the Big 12 CCG (10-3)
Ole Miss (9-3)
SCar (9-3)
I would prefer that SMU and Arizona State got in, because I don't want to see B1G over-represented and I don't think Miami is any good.
Assuming those twelve teams qualify, I think they should be seeded:
Oregon (13-0) - B1G Champ
Texas (12-1) - SEC Champ
Boise (12-1) - MWC Champ
Clemson/Arizona State (11-2) - ACC/Big12 Champ
Pedo (11-2)
Georgia (10-3)
Notre Dame (11-1)
Clemson/Arizona State (11-2) - ACC/Big12 Champ
Indiana (11-1)
SMU (11-2)
Tennessee (10-2)
Ohio State (10-2)