The last update I’ve seen is that the SEC would prefer no auto-bids at all and the BigTen is threatening to not agree to anything until the SEC adds a 9th conference game.
I’m sure it will change a dozen more times before they finally settle on something.
The SEC totally wants the top 12 ranked teams. They typically start the season with favorable pre-season rankings (media bias) and their 8 game schedule means those teams either duck the others or get a “quality loss” head to head. They want +6 teams in the CFP.
#7 beats #9 and moves up to #5 while #9 drops to #11. Wash rinse repeat.
It’s like a preloaded “eye test”. Meanwhile the best teams from the XII have to claw their way up from like rankings 18-25.