I really think it is a fluke situation.
Of the five G5 champions
SMU 11-2, Troy 11-2, Miami 11-2, Boise State 8-5.
It's like when BYU won the national title in 1984. In all of I-A only three teams had less than two losses. BYU 13-0, Cal State Fullerton 11-1 who had two non-FBS wins, finished second in what became the Big West, and their best win was 7-4 Hawaii, and 9-1-1 Florida who was on probation and opened the season losing to Miami who finished 8-5 and tied LSU at Florida and LSU finished 8-3-1.
Everyone else had two or more losses. ACC, Big Ten, and Pac-10 champs ended up with three losses 7-5 (6-2) Houston won tiebreaker to go to the Cotton over SMU and SMU finished 10-2 beating a 7-5 Notre Dame. SEC champ was 8-3-1.
Everything fell perfect for BYU.
If JMU had been allowed to be eligible and had beaten Troy then 12-1 JMU vs 13-0 Liberty is a debate but two win gap? Committee ain't going to spend time looking at a two win gap in the G5.
Heck made this argument years ago and data backs it up 2016 Western Michigan got NY6 game with one loss when every other G5 champ had three or more. Marshall got passed for Boise State when Marshall was only one win better.
The only time a team with 2 more wins has been passed over was 2020 but that was 11-0 Coastal Carolina vs 9-0 Cincinnati an inherently screwy situation thanks to Covid and based on the rankings, if 12 playoff with 6/6 format had been in place Coastal would have taken the last auto bid over 4-3 Oregon
I'm not pleased that the fourth best champion per various computer rankings got the slot but it was a weird scenario.
I wonder what happens when NIL collectives get burned on spending too much money on players at the top level. I think the money dries up in a year or two in terms of willingness to give out funds. Could be very wrong.
Portal is fascinating. In the short time it has been around I classed guys into three groups.
1. Those doing well looking to go up the food chain.
2. Those not getting the experience they expected and looking to move in some direction to find that experience, generally playing time.
3. Guys whose services are no longer required.
Seeing high major starters go in?
This think that requires a fourth category.
4. I want more NIL money and playing leverage to get it from you or someone else.