From the wastebasket of Tim Bourret (revised)

The following are the only BCS schools to not have accomplished at least one of the following since 1992.

1) 10 win season
2) Win a Conference Championship
3) Play in a BCS Bowl Game

Baylor
Clemson
Connecticut*
Duke
Kentucky
Indiana
Iowa State
Oklahoma State
South Carolina
USF*
Vanderbilt

* Joined Division I since 1992