I agree we probably win the NC in 1994 with him, or at least go 13-0. Nebraska was going to win that NC because of Osborne. We would not have gotten a chance to face them. They were obligated to the Orange, us the Sugar.
I went back and did a little research of how the old Bowl Coalition worked. It was in place in 1992, 1993, and 1994. It did not include the Big Ten, Pac 10, and Rose Bowl, but did include the rest of the major conferences and bowls, and was the first attempt at getting a 1 vs. 2 championship game in one of the other major bowl games. The Bowl Alliance followed, still didn't include the Rose/Big Ten/Pac 10, and of course the BCS came in 1998.
Anyway, it is not clear to me how things would have worked if Alabama had beaten Florida in the SEC title game, and finished #2. It is also not clear to me whether we would have made it to #2 in the polls. Nebraska was #1. Penn State finished 11-0 and was a pretty clear #2 in all the polls. Obviously they were not going anywhere but Pasadena. But under the rules of the Bowl Coalition, while the SEC champ was obligated to the Sugar, Big 8 champ to the Orange, and SWC champ to the Cotton, if two of those teams finished 1/2, they would have been released from their contractual obligations to face one another in either the Sugar, Orange, or Cotton.
My question is, what if Alabama had beaten Florida, but remained behind Penn State? The rankings would have been 1. Nebraska, 2. Penn State, and 3. Alabama. Would the Sugar have released Alabama to play Nebraska in the Orange Bowl for a potential de facto NC game? Another consideration: most of the New Year's Day bowl games were played on January 2nd that season due to the 1st falling on a Sunday. But the Orange Bowl was not. The Rose Bowl was.
I didn't mean to derail too much. David Palmer going pro and not being there in 1994 is one of the major what ifs of all time, IMO, in Alabama history. It seems nothing would have mattered due to the Nebraska/Penn State situation and how the bowls were set up back then. But Palmer would have made that offense much more dynamic and probably would have given Alabama more respect in the polls against the Osborne/Nebraska, Paterno/Penn State effect. We would have beaten Florida in that SEC title game, and may have even had a few #1 votes.