Texas wins the Big12 and either
1). Louisville beats FSU or
2) Bama beats Georgia
If #2 occurs, however, there will be a big debate between which 1-loss team among Texas, Bama, or Georgia gets the final spot or even a scenario of both Bama & Texas getting in.
If #1 & #2 occur, then that opens the possibility for 2 of the 3 of Texas, Bama, and Georgia gets in (instead of just 1).
(The above assumes Michigan wins the Big 10 and the Pac12 champion gets in)
1). Louisville beats FSU or
2) Bama beats Georgia
If #2 occurs, however, there will be a big debate between which 1-loss team among Texas, Bama, or Georgia gets the final spot or even a scenario of both Bama & Texas getting in.
If #1 & #2 occur, then that opens the possibility for 2 of the 3 of Texas, Bama, and Georgia gets in (instead of just 1).
(The above assumes Michigan wins the Big 10 and the Pac12 champion gets in)