She said Pac-12 Commissioner Larry Scott approached her about being part of the committee.
"Condi definitely earned her spot on this committee," said Bill Hancock, the executive director of the BCS. "Obviously, part of this is going to be the ability to make judgments under scrutiny, and Condi has that."
Rice is the only woman on the committee.
Some, such as former Auburn Coach Pat Dye and former Georgia star and ESPN analyst David Pollack, have said they would prefer only those who have played football to be on the committee.
"I've been in enough positions to respect people who have different views," Rice said. "I will work very hard reviewing film to make good judgments."
She added: "I don't feel I'm carrying the banner for anyone except those of us who love college football."
The rest of the members are: Barry Alvarez, athletic director, Wisconsin; Lt. Gen. Mike Gould, former superintendent of the United States Air Force Academy; Pat Haden, athletic director, Southern California; Tom Jernstedt, former NCAA executive vice president; Dan Radakovich, athletic director, Clemson; Steve Wieberg, former college football reporter, USA Today; Willingham, former head coach of Notre Dame, Stanford and Washington; Mike Tranghese, former commissioner of the Big East Conference.
Hancock said term limits for committee members will eventually be three years, but that will not be the case for all the current members because they do not want to replace the entire committee at once.
"We haven't worked out the stagger yet," Hancock said.
Committee members will recuse themselves when a team they have a direct relationship with comes up in meetings.
"It's imperative for all committee members to check their loyalties and affiliations before entering the meeting room," Jernstedt said.
Hancock said the committee members will be allowed to examine whatever data they believe is relevant.
"No one single metric will be identified as paramount over all other data," Hancock said.
Long said the committee likely will release four or five top 25 rankings during the season, starting around midseason, before the final decisions are made at the end of the regular season.
"I know it's going to have long hours involved," Alvarez said. "Obviously, criticism will be a part of it."