Could this weekend's results nullify the Outback Bowl prediction for Michigan (back to San Diego)?

Earlier this week, it was reported that Michigan was near a lock to the Outback Bowl in Tampa, Florida. This rested on the following assumptions:

• Ohio State, Wisconsin and Penn State are slotted for NY6 Bowls, but none of them in the Orange Bowl. 
• The Citrus Bowl would select 9-3 MSU over 9-3 Northwestern, despite the head-to-head result, given the Spartan's larger fanbase/TV draw and higher rankings (in CFP, AP and Coaches). 
• Northwestern will not return to the Outback as they have already been during this contract period (Iowa also cannot go to the Outback, for what it's worth).
  • EDIT: The Big Ten has to send a minimum of 5 different teams in a 6 year period, with no two in a rows. However, the stated goal is 6 teams in 6 years and the conference will not send a repeat, especially with multiple years left in the period, unless it is forced to or it's a very compelling matchup; Northwestern does not meet either criteria. 
• This leaves Michigan as the only option for the Outback. 

However, it now appears at least somewhat likely that, given OSU's victory over Wisconsin by a close margin, Alabama will be #4 in the playoffs and OSU will be left out at #5.

This should send the Buckeyes to the Orange Bowl, which contractually pits the ACC against the highest ranked non-playoff team from SEC/B1G/Notre Dame. The Big Ten cannot play in the Citrus Bowl if they play in the Orange Bowl (the ACC takes their Citrus spot). 

This makes the Outback Bowl receive highest non-NY6 Big Ten team. You would think that the Outback Bowl/Big Ten Conference (remember, it's a mutual decision between the conference and bowl) would select Michigan State over Michigan, moving UM down in the bowl order, for the following reasons:

• More money/views with a more efficient leveraging of Michigan's TV Draw.
  • Yes, the Outback is on New Year's Day. However, it is broadcast on lowly ESPN2 and has to compete directly with the Citrus Bowl (ABC) and Peach Bowl (ESPN). 
  • The Holiday Bowl is broadcast nationally on FOX (the Big Ten's preferred network) and only has to compete with the Alamo Bowl (PAC 12 vs. Big 12, on ESPN). 
  • The combo of MSU Outback/UM Holiday likely yields many more combined views than UM Outback/MSU holiday.
  • This is especially relevant with the storylines below. 
• Better storylines.
  • Stanford's loss to USC leaves the Cardinal likely headed to the Holiday Bowl. This pits Harbaugh against his former employer. Would be HUGE storylines. 
  • Dantonio is a South Carolina alum (Smaller storyline but still relevant).
• Resume/fairness.
  • MSU is ranked in all three polls, is 9-3 and has a head to head win over Michigan.
  • Michigan is unranked in all three polls, is 8-4 and has a head to head loss against MSU. 
• Avoid Spartan outrage (a concern for the Big Ten offices, not the Outback Bowl). 
• Recency/Keeping it Fresh (a supposed goal of the conference)
  • Michigan has played in Florida two years in a row and in three of its last four bowl games (2016, 2015, 2012).
  • On the other hand, Michigan State has not played in Florida since the 2011 season (Arizona '12, California '13, Texas '14/'15, no bowl '16). 

Maybe it's just my selfish mind wanting us West Coast Wolverines to have a closeby game, but I think that the results of the Conference Championship (Stanford loss, close OSU win) make the Outback prediction at least somewhat in doubt.