This is the latest offering in an occasional series: "Things that should keep Pac-12 Commissioner Larry Scott up at night."
The Sun Devils would play Missouri, or South Carolina, and the Cardinal would meet this week's Alabama/Auburn winner.
What a cruel twist it was that, on the Saturday that Oregon's second loss effectively eliminated the Pac-12 from this year's national title race, the league was overall No. 1.
The conference got to the summit just in time to be knocked back down BCS Mountain.
For what it's worth, which is nothing, Sagarin rates the Pac-12 South as the nation's top football division, followed by the Pac-12 North, Southeastern Conference West and SEC East.
Pac-12 players, coaches, officials and fans can serve this with appetizers at holiday cocktail parties in lieu of not having a school in the BCS title game.
The cold, hard, college truth remains: Being the best team from the top conference doesn't mean anything if you can't push one team through the gantlet.
The Pac-12 can take pride it has made huge strides in becoming an elite league, but now it has to find a way to turn that into something anyone cares about.
The league's breakout success does it no good if the champion ends up with two losses. That probably won't get a Pac-12 team in the four-team playoff starting next year.
Baylor's wipeout loss at Oklahoma State on Saturday has severely tightened the focus.
Florida State's path is a stroll through Tallahassee Park. It makes the title game with wins over swamp-water Florida and then, like, Duke.
These last two BCS weeks promise to be exciting.
The Pac-12, as casual observers, will be interested to see how it turns out.
The league won't be a part of the big party, but maybe it could order up some cheesy T-shirts:
"We're No.1 … with Sagarin."