I think UM's 'win' will be considered a loss just like MSU's win over UM seemed to be considered a loss by the selection committee.
The PAC12 is in danger of not getting in the CFP
The Big12 may kill it's self off and out of the picture as well.
This leaves room for a potential 2 loss B1G team to still make the playoff.
OSU really just needs to win and there's no question. A loss to MSU or UM and they are likely out. MSU winning out should keep them in the discussion. UM winning out and MSU losing again could give them a chance. I am not sure if want to get into the CFP and get trounced by Bama or Clemson. This year, with Glasgow likely out the remainder of the year and our 2 other backups at NT out I'd rather us just get into the Rose Bowl and have a competitive chance at winning that. Not saying I wouldn't be happy with CFP, but I feel our chances are better in a NY6 bowl. Then again, if we can figure out how to stop the run again and the offense keeps playing like it is, we could be getting hot right at the right moment.