I haven't read much on it lately...but here is what I believe they said will happen. There are still BCS bowls (I think?!). You have 5 AQ conferences in B1G, SEC, Big 12, PAC 12, and ACC. The AAC is losing its AQ big after this season, and the 6th AQ bid will go to the highest ranked team out of all the "mid-majors", including the AAC.