I'm not like most Ohio State fans.....for a while there Michigan/Ohio State was so one sided, that almost got boring too. Losing to yall pissed me off the past two years, but I think it was much better for the big ten and the rivalry as a whole.
But yea, something like regional divisions, and I think the big thing there would be the structure more so than the conferences. So you can keep them the same as they were for the most part, but probably add a 6th "power conference" - then have it split geographically into East/West:
East:
ACC
Big Ten
SEC
West:
Big 12
Pac 12
New Conference
Kick all "west" teams out of the ACC/Big Ten/SEC
Make even number of teams for each conference (potentially 12)
Conference rotation for who plays who, using the place you finished last season - each team plays 3 non conference games - always play the other two from (East/West), then rotate for the opposite side how the NFL does for when the NFC plays the AFC.
So no more paying a smaller school to come in and get crushed.
Playoff takes each division winner and then three wild cards from each side, playoff bracket is like old NFL bracket. Top 2 seeds get byes.