Since I had way to much time this morning here's what this year's post season would look like using the set-up from 1982, the match-ups would have been set once the regular season was over, not a week or two before Thanksgiving which was the norm back then.
Sugar Bowl: #1 Georgia (SEC Champ) vs. #3 TCU (At-Large), 8PM ABC. TCU's loss in the Big 12 Championship Game free's them up to play for the National Championship. A Georgia win would give them at minimum a share of the National Championship, TCU would need a win and Michigan loss in the Rose.
Orange Bowl: #11 Kansas State (Big 12 Champ) vs, #5 Alabama (At-Large), 8PM NBC. The Big 12 is a continuation of the Big 8 so their champ goes to the Orange.
Rose Bowl: #2 Michigan (Big 10 Champ) vs. #7 Utah (PAC-12 Champ), 5PM NBC. A Michigan win and Georgia loss gives the Wolverines an undisputed National Championship, but a close win against Utah and a big Georgia win over TCU would keep Michigan #2 in both polls.
Cotton Bowl Classic: #20 Texas (At-Large) vs. #6 Tennessee (At-Large), 1:30PM CBS. Since the SWC is long gone the Cotton goes to two at-larges.
Fiesta Bowl: #4 Ohio State (At-Large) vs. #8 USC (At-Large), 1:30PM NBC. Both Ohio State and USC would have passed on the waning Cotton Bowl for the up and coming Fiesta Bowl.
Astro-Bluebonnet Bowl: #14 Tulane vs. #13 Florida State, 7PM ESPN.
Peach Bowl: #17 LSU vs. #15 Oregon, 3PM CBS.
Hall of Fame Classic: #20 South Carolina vs. Illinois, 1PM ESPN. This is what became the Outback Bowl in Tampa, it was played in Birmingham back then.
Gator Bowl: #10 Clemson vs. #9 Penn State, 9PM ABC. The Gator was the top non-New Years Day bowl game back then. Also, the ACC didn't have an auto-bid for their champ in 1982.
Liberty Bowl: #24 Mississippi State vs. North Carolina, 7PM USA Network.
Aloha Bowl: #12 Washington vs. #19 Notre Dame, 9PM ESPN.
Sun Bowl: #18 UCLA vs. Pitt, 2PM CBS. Same match-up as this year.
Tangerine Bowl: #25 NC State vs. Purdue, 8PM Mizlou.
California Bowl: Boise State vs. Toledo (MAC Champ), 4PM ESPN.
Holiday Bowl: Fresno State (MTN West Champ) vs. #22 UTSA, 9PM ESPN. The MTN West basically took over for the WAC as the #2 conference in the west, so their champ goes to San Diego.
Indepence Bowl: Ole Miss vs. #17 Oregon State, 8PM ESPN.