So from what I'm gathering (slightly inside information but definately not a E5 or FI07'5')
Is that the fiesta bowl will definately take Texas and mulling over OSU or Utah as the other team.
There is an order to how the bowls select teams, however all BCS bowls (well maybe all outside of the Rose bowl) co-operate to minimize the travel of fans.
if A SEC team is #1 then the Sugar gets the first pick at a replacement, if a Big XII team is number one, the Fiesta gets first pick. Either way everyone believes that Texas will go to the Fiesta, as a top 4 they are guarenteed a game, and the fiesta is the best locale for them. Fiesta is a BigXII bowl, and Texas hasn't been there since the BCS started, they will travel well and will party well for all their events.
After the #1 and #2 replacements are made it goes back to the fiesta for the next pick. And they are mulling OSU and Utah. I'm sure they'd rather OSU because they travel well, the fans know the bowl well and love it, and although Utah would show up they are a boring fan base and don't suit the fiesta well.
However the Fiesta may lean over the plate and take one for the team and select Utah anyway becuase Utah may not travel as well to New Orleans ... their other possible suitor.
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