The first 12-team College Football Playoff bracket was released on Sunday. Four teams earned first-round byes and a spot in the quarterfinals while the others will take their place in the first round on Dec. 20 and Dec. 21. The Texas Longhorns, who narrowly lost the SEC Championship to the Georgia Bulldogs, will welcome the ACC champion Clemson Tigers to Austin on Dec. 21 with the winner earning a spot in the Chick-fil-a Peach Bowl against Arizona State. The Longhorns opened as 10.5-point favorites, and the line has moved up half a point since to -11.