Oregon, Georgia, Boise State, Arizona State top CFP field - ESPN

Undefeated Oregon earned the No. 1 overall seed in the first 12-team College Football Playoff field announced Sunday, while SMU — despite a loss in the ACC championship game — nudged out Alabama to earn the final spot.

No. 2 seed Georgia (11-2), No. 3 seed Boise State (12-1) and No. 4 seed Arizona State (11-2) were awarded first-round byes, guaranteed to the four highest-rated conference champions.

Clemson (10-3), which unexpectedly won the ACC title on a last-second 56-yard field goal, missed out on a first-round bye and was seeded No. 12. The Tigers will play at No. 5 seed Texas (11-2).

The other first-round matchups are No. 11 seed SMU (11-2) at No. 6 seed Penn State (11-2), No. 10 seed Indiana (11-1) at No. 7 Notre Dame (11-1), and No. 9 seed Tennessee (10-2) at No. 8 seed Ohio State (10-2).

Those first-round games will be played Dec. 20 and Dec. 21 at home sites, with all four home teams favored to win by a touchdown or more, according to ESPN BET.

THE BRACKET IS SET ✍️

Who are you taking to win the <a href=«https://twitter.com/hashtag/CFBPlayoff?src=hash&ref_src=» https:>#CFBPlayoff

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The biggest debate entering Sunday's reveal was what the committee would do with SMU. Headed into the ACC championship game, the Mustangs were ranked No. 8 and went undefeated in league play. SMU coach Rhett Lashlee and ACC commissioner Jim Phillips insisted that should be enough to make it regardless of what happened against Clemson.

CFP selection committee chair Warde Manuel said during the ESPN selection show it was «quite a debate» between SMU and Alabama for the final at-large spot.

«We value strength of schedule,» Manuel said. «That's why Alabama is a three-loss team ranked ahead of other teams that