Under current arrangements through the 2013 season, the Cotton Bowl gets the top pick of Big 12 teams not in the BCS.
Bowlsby said it would be a "fair projection" that the Alamo Bowl in San Antonio, which now has the next pick after the Cotton Bowl, or the Meineke Bowl in Houston could move up in the picking order if the Cotton Bowl is in the playoff rotation.
"They've both expressed a desire to move up and-or maintain a high level of association and Texas is always going to be our core," Bowlsby said. "It meets the priorities from a destination and travel standpoint, so yeah, they're certainly in the mix to replace it."
Another priority for the Big 12 is getting a tie-in with one of the Florida bowls. Bowlsby said the league has had conversations with Gator Bowl officials and two other bowls in Florida.
"California, Florida, and Texas comprise more recruits than the whole rest of the country combined," Bowlsby said. "That's been a shortcoming of our bowl lineup in the past, and we need to fix it if we can."
The Big 12 already has a bowl agreement with the Holiday Bowl in San Diego.
On scheduling of conference games, Bowlsby said the main topic there was putting together future schedules based around a set of principles, such as not having more than two road games in a row, instead of particular matchups.
The commissioner did say the Oklahoma-Texas game would be kept in the first three weeks of October during the State Fair of Texas.
"We've got this set of principles, we'll send you a schedule that meets the principles. And some years you're going to get a better schedule, and other years you're going to get a worse schedule," Bowlsby said. "But it has to be acceptable if it meets the principles, so that's what we spent our time on."