I honestly don't hate this. For scheduling, you could do something like:
9 Division Rivals (of course, we're in the toughest division in college football, but what the hell else is new?)
1 3 Cross Division teams
2 Under League Division or Relegated Teams
Wondering if the Under League would be playing each other or if they would get spread out as non-divisional teams.
ETA: I just saw it calls for a 14 game regular season with the capacity for up to a 24 team playoff. That would be an 18 game season for a 1-8 seed that advances to the championship game and a 19 game season for a 9-24 seed team that advances to the championship. I love college football, but that's an NFL season.