If we go 10-2 and miss the SEC championship then we'll end up in a bowl game against an over ranked 10-2 Nebraska and blow them out in the Citrus or Outback bowl. What we need is for aTm to pull off the upset and hold on to win the West so we can get a rematch with them. We can win that game and go to the Sugar Bowl with an almost complete healthy team. Win there and we'll end the year a top 10 team with a 12-2 record
At the moment, the top of the SEC is a follows: Alabama (4-0), Texas A&M (4-0), Auburn (2-1), LSU (2-1), UF (2-1), UT (2-2), Arkansas (1-2), and Ole Miss (1-2).
Among other teams:
UF still plays LSU and Arkansas.
Auburn still plays Arkansas, LSU, and Alabama.
LSU still plays Ole Miss, Alabama, Arkansas, Florida, and A&M.
Arkansas still plays Auburn, UF, and LSU.
Ole Miss still plays LSU, Auburn, A&M.
A&M still plays Alabama, Ole Miss, and LSU.
Alabama still plays A&M, LSU, and Auburn.
So in all likelihood, 4-5 of those teams will end up with another loss or 2, making a 10-2 team (whose last loss was in mid-October) most likely to end up as either the 3rd or 2nd highest ranked team in the conference, dependent on whether or not the A&M/Alabama loser loses another game afterward.
If both A&M and Alabama win out after their game, you would most likely see the A&M/Alabama loser receiving the Sugar Bowl invite. If the loser dropped a 2nd game, though, then UT (were it to miss playing in SEC Championship) could be in position to take that spot (depending on how far the loser falls).
The Big 10 winner will likely be the undefeated Ohio State / Michigan winner, who would make the playoffs, with the loser of that game likely filling the Rose Bowl bid at 11-1. While the Sugar Bowl bid might end up going to Texas A&M, the Orange Bowl bid would very likely come down to who's ranked higher out of 10-2 UT and Nebraska (which, because of the earlier losses, could likely be us). This of course can also depend on whether Wisconsin loses to or upsets Nebraska (and if they were to be able to upset the OSU/UM winner in the Big 10 Championship).
The chance at the Cotton Bowl is a bit more complicated. The ACC winner (Clemson or Louisville) would end up in the playoffs with the other in the Orange Bowl. Unless either an undefeated/ 1-loss Washington doesn't win out in the Pac-12 or a 1-loss Utah doesn't win out including the Pac-12 Championship, then their conference champion would make the playoffs with the other team being invited to the Rose Bowl. It would then essentially come down to what happened with the Big 12, as the conference champ would go to the Sugar Bowl. If either: (1) the Baylor/WVU loser loses another game, and OU loses another game (2) the Baylor/WVU winner makes the playoffs (sending next highest ranked Big12 team to the Sugar Bowl) whoever (3) OU wins the conference and the Baylor/WVU winner loses another game...pretty much you'd likely see a 10-2 UT that moved up the rankings through each week while the others were losing as probably the next highest available, were it somehow not to make the Orange Bowl.
(there are also variations that would result in the same, but I'd rather not get into each right now)