I don't think Michigan loses, but FSU could easily lose.
But think of this, if Michigan and FSU win, can you leave out an undefeated P5 champion?
You would have FSU, Michigan and Washington in.
Then who gets the last slot? Not Georgia, not OSU. It would be between Texas and Bama. Any other year Bama gets the nod, but there's that game they played earlier in the year.
That being said, I think FSU loses, and chaos is averted.
But think of this, if Michigan and FSU win, can you leave out an undefeated P5 champion?
You would have FSU, Michigan and Washington in.
Then who gets the last slot? Not Georgia, not OSU. It would be between Texas and Bama. Any other year Bama gets the nod, but there's that game they played earlier in the year.
That being said, I think FSU loses, and chaos is averted.