BCS releases formula for automatic qualification

Six conferences—the Big East, Big Ten, Big 12, ACC, SEC and Pac-10—have automatic bids that are contractually bound through the 2013 season.

Another conference could earn an automatic bid if it hits certain targets in all three categories.

For the first two categories, the goal for leagues such as the MWC or the Western Athletic Conference is to be ranked among the six best conferences in the country.