They looked a hell of a lot better in their bowl game than Texas did. My personal postseason poll is 1 - FL, 2 - Utah, 3 - USC, 4 - Oklahoma, 5 - Texas.
As for your "plus one" tournament, drop Texas and add USC. New Year's Day semi final games should have been OU-Utah, and UF-USC. The rule should be take the top 4 ranked conference champions.