That's more of a concern for us than anything right now:The problem I have with criteria's 2 and 5 is that you are rewarding teams for running it up against sh!t competition. When you look at Iowa's non con it's pretty clear Fran had this figured out because outside of the Cyhawk and ACC challenge Iowa played a pathetic schedule. Notice both of these games were out of his control... I don't care which way you cut it, at some point a win is a win and the efficiency jazz goes out the window. Not all schedules are created equally and that needs to carry some weight.
It's not clear what percent of NET Rankings is made up of each of the 5 factors. But factors 2-5 do not take into account opponent. We're simply not credited with playing difficult competition twice weekly whereas other teams are credited for 15 point wins against meager opponents. Without knowing how the 5 factors in NET Ranking are distributed I would assume that the factors are (perhaps artificially) capping the number of teams that can make the tournament from one conference, even if they are a deserving team.