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Here's the problem I have with this particular position (and it's one a few others here hold). If you want to go strictly on record or on record plus some 2nd criteria such as won/loss of opponents played, that's nothing but a number crunching algorithm. You don't need a committee or a poll, just a formula and a pocket calculator. We saw how flawed that was with the BCS system. It doesn't take into account all the countless other things that knowledgeable watchers such as coaches, sports journalists, and the committee members see with their own eyes and understand. If you want to say on the field results should be the only thing, then what are you talking about? Just the W or L from the game, or ALL the things that happened in the game. Just the W or L is awfully bare bones. Knowledgeable observers see so much more in how each team played, and understand whether they see a good team, a lucky team, a bad team, etc.
We all know (or should know) that Team A beating Team B doesn't necessarily mean Team A is the better team. It usually does, but it can also mean that Team A played their best game of the season and Team B their worst. Let 'em play 10 times and Team A would be lucky to win twice. How is every team undeniably better than every team it beat when A beats B, B beats C, and C beats A? Tell me how you rank each ahead of the other two or how that logic holds up. Bama beat Miss. St this year, who beat A&M, who beat Bama. Just going on results doesn't tell the whole story. Teams have off days. Teams get lucky. Teams get worse as the season goes on and others get better. If all you see are the W's & L's, you're missing a HUGE part of how teams are ranked. It's not that the W's & L's aren't important. Of course they are. It's just that they're only part of the equation of trying to decide who's better than whom.
Just about everybody in this forum thinks ND would beat Cincy if they played again (and I agree). This whole "what happened on the field is all that should count" is correct, but you're only seeing a small part of what happened on the field if all you're taking into consideration is the outcome. Again, should a poll or the playoff committee's rankings be about "most deserving", prettiest resume, best record, or should it be "Who do we believe is actually the best team at this point in the season and who would beat whom?"
Every other sport except football has strictly defined criteria, and then the committee seeds based on who satisfies that criteria the best. In essence, this is "most deserving."
For hockey, it's a pretty strict formula.
For basketball, there is the most subjectivity with avoiding rematches and other stuff. But the criteria is still almost all objective and rooted in your results on the court.
All the other sports are basically in between those two. None of them have what happens in football where there are only four teams and you're tasked with subjectively determining the "best" four instead of "most deserving." I think the problem most have with the playoff committee is that they are so subjective that they can't even seem to explain how they came up with their rankings. They literally say completely contradictory stuff week-to-week, or even within the same interview. So it comes off as a farce.
With the BCS, at least everyone was clear on the polls + computers that were being factored in. So you got the human element with the polls of who is "best" and the objective element with the computers of who is "most deserving" based on W-L on the field.