I could be mistaken, but if Michigan wins, they will go to the Rose Bowl. It's one of the few bowls that still takes certain teams from certain leagues...in this case, Pac-10 and Big 10 (USC vs. Mich last year). If Ohio St. had gone undefeated, they would have gone to the BCS Championship game, while Michigan (maybe an at-large berth) would still have gone to the Rose Bowl...however, now they are both playing for the Rose Bowl bid.
I could be wrong, but i believe this is how it will play out for the Rose Bowl.
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