Not excusing that stupid decision because of exactly what you said, Ohio State easily had the worst loss and shouldn't have gotten in. However, year 1 nobody had any clue (Committee included looking back on it) what to do and how to really judge things. Baylor's non-conference was an absolute joke and their resume was not that great aside from a controversial win over TCU. I believe the committee actually thought TCU was one of the four best, but how could they put the Frogs in over Baylor who beat them head to head? Florida State also running the table screwed everyone because they were NOT one of the four best teams, but they scraped by again and again and ran the table. That playoff should have been Bama, Oregon, TCU and Ohio State.
The Big 12 is as much to blame for that fiasco because that was the year we touted that God awful "One. True. Champion!" line on every piece of marketing all year long. Then what happened, well people kind of forgot you could have a tie for the best record, so you would just use head to head right? No problem. That's when the Big 12 got greedy and tried to get both TCU AND Baylor in seeing where they were ranked going into the final weekend. TCU was the better team, but they lost to Baylor. Baylor should have been named conference champion since they won head to head, but the conference wouldn't do it, so they gave the committee a loophole by saying Ohio State was a conference champion and there were co-champs in the Big 12.
