I am a newbie. However, I kept track with this system since 2004, I may understand the logic differently as follows:
1. First step: Get Sagarin ranking and SOS of all bowl games from
http://www.usatoday.com/sports/sagarin/fbt08.htm
2. Second step: Eliminate all bowl games with the ranking of both teams are not in top 60 (as Notes 1, 2 & 3 below).
3. Third step: Eliminate all bowl games with both teams whose SOS are better than 60 (i.e. at least one of them > 60).
4. Final step: Play a team whose Ranking and SOS are better.
Depending on the logic above, the teams to be played for this year are:
1. Wake Forest (31, 4) vs Navy (39,74) Winner
2. South Florida(45, 59) vs Memphis (97,117) Winner
3. Arizona (19, 78) vs BYU (30, 83) Winner
4. TCU (8, 76) vs Boise State (12, 113) Looser
5. NC State (24, 11) vs Rutgers (36, 67)
6. Missouri (11, 30) vs Northwestern (40, 64)
7. Air Force (51, 77) vs Houston (57, 102)
8. Kansas (33, 23) vs Minnissota (68, 69)
9. USC (2, 38) vs Penn State (5, 61)
10. Virginia Tech (23, 13) vs Cincinnati (38, 62)
11. Alabama (6, 58) vs Utah (13, 70)
12. Connecticut (43, 40) vs Buffalo (60, 82)
13. Ball State (35, 116) vs Tulsa (47, 122)
Notes: 4 bowl games below are not qualified
1. Note Dame (62, 36) vs Hawaii (95, 72): ND Ranking 62 is very close to 60, therefore, someone can consider it.
2. Maryland (65, 21) vs Nevada (69, 88)
3. Rice (75, 101) vs (72, 109)
Ranking of all teams for each bowl games above are NOT in top 60.
4. Kentucky (67, 73) vs East Carolina (52, 75)
Ranking of E Carolina is better than Kentucky but its SOS is lower.
I just try to post what I knew. Please let me know if I am wrong. Thx