I feel if a team wants to be eligible for the 12 team playoff, they need to play 10 P5 games. I am OK with 8 conference games, but then the school needs to schedule 2 P5 non-conference.
The flexibility might allow for challenges in football like we see in basketball. If there is a 16 team Big10 and 16 team SEC- why not have a challenge in September. Good for the fan.
I understand the SEC's reasoning. They already make top dollar on TV deal, it's an easy win on top of a couple other easy non-con wins and it allows schools an 8th home game.
When we move to a 12 team playoff, the playing field needs to be level because it is going to be much more subjective choosing teams 10, 11, 12 than team 4 in the current playoff format. So having set criteria avoids "we played who was on our schedule". Would also like to get rid of the selection committee and just use computer rankings to determine 12 teams.