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16 teams, 4 wildcards per conference.
I say 16 because that's a quarter of the league, which is a good percentage. And I would definitely do wildcards instead of the top two teams, so you don't get a team in a crappy division sneaking in over a more deserving one. I would set it up like the old NHL playoffs (back when they made sense). The division winners seeded 1-4, the wildcards then seeded 5-8, and run a traditional playoff structure from there.
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