Yes, but in my wishful thinking, if all FBS teams were to be doled out into eight conference, I believe that each conference would be 16-20 (leaving room for addition of FCS teams moving up) teams each. Each conference would be split with eight to nine teams in each sub conference. The top team in each sub conference would then play for the conference championship.
Again, all wishful thinking on my part with disregard to the reality of decisions that conference heads have to deal with.
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