Quite the opposite, it incentivizes schools to schedule worthy OOC games, as a loss in that game will no longer kick them out of the playoffs (since all they need to do is win the Conference).What?! Oi, I hate college football... or at least the business of it.
I don't get the Bye here, I mean other than 12 not being a power of 2. It isn't like any school earned it. 12 teams also is too many (8 would be a bit more manageable)... but this is the best defense to ensure Alabama's and OSU's are in the tournament (and possibly Notre Dame, but this set up makes that a bit harder, which means I expect Notre Dame to start playing a schedule that has more cream puffs than a bakery such as Votre Dame Nun College). This set up helps one small school program. But I suppose one is better than none.
I do agree in not liking bye's though. Which is why I'd prefer 16 teams.