While compiling my numbers I look at the following metrics:
NET - Universal Ranking
BPI - ESPN's Power Ranking
SOR - Strength of Record
SoS - Strength of Schedule
NCSoS - Non-Conference Strength of Schedule
Quad 1 - Quad 4 Record - Records vs Good teams vs Bad teams
And then I will sprinkle in the good old eye test, **adjust for anti-mid major bias**and compare to other bracketologiest. Palm and Lunardi are both worse than me but I still review their ranking. Check out http://bracketproject.blogspot.com/ for comparison.
Anyway, back to the rankings. Usually there's a red flag threshold for each of the metrics. NCSOS is huge and if you are below 200 you should be concerned if you are on the bubble. I see Vitale and Bilas complaining about a team every year that doesn't get in and I can guarantee you their NCSOS is terrible. See Orange, Syracuse.
For BPI, NET, and SOR I usually flag below 60 as a issue. Of the team I (and most) have in that are above 60 in ESPN's BPI ranking are the following:
Creighton - 81
Wyoming - 103!
BYU - 85
Of the teams out above 60:
Virginia Tech -23 (in a terrible ACC)
Indiana - 38
Their explantion is the following "The College Basketball Power Index (BPI) is a measure of team strength that is meant to be the best predictor of performance going forward. BPI represents how many points above or below average a team is".
By this definition Wyoming wouldn't even make the NIT. It makes no sense.
As for my statement of **adjust for anti-mid major bias** . What I mean by that is if given a chance the committee with move teams around a seed or so to match up low seeded Big 5 teams vs high seeded Mid-Majors . I.e. don't expect 5 seeded Houston to get 12 seeded Loyola or 8 seeded Murray State to get 9 seeded Davidson. That would guarantee a mid-major to the next round. Houston is getting North Carolina or Michigan and Murray State will end up with an underseeded 9 like Iowa State or Iowa.
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