No it won't...
It will more than likely the top 3 conference champions plus the highest at large with the caveat being that all have to be ranked in the top 6 or 8....
Semi finals will be with the bowls and final will be a stand alone game on or about the 7 of January....
BTW - the bigxii schools are fixing to sign away all their 1st and 2nd tier TV rights for a 13 year period (which will replace the current 6 year period) -