The way I see it, it is in no way unfair that 3 loss Alabama doesn't get a shot at the national title this year.
There were 15 teams with 0, 1, or 2 losses. 11 of them made the CFP, with the 12th spot going to a Clemson team that won the ACC and got the bottom seed. Successful playoff selection. The four teams that didn't make it with 2 or fewer losses:
- Memphis - 2 losses, didn't make AAC championship game, best win was probably against Tulane, had probably the 50th best resume in the field.
- Army - 1 loss, won the AAC, run off the field by ND, best win probably also Tulane. Closer loss to ND and they might be there instead of Clemson.
- BYU - 2 losses, didn't play in the B12 championship, best win was SMU, lost to the only good B12 teams they played, and now get an odd bowl game where they play a conference matchup with Colorado.
- Miami - 2 losses, didn't play in the ACC championship, they're probably in if they make the ACC championship even though their best win was...I dunno, maybe Florida? Worse resume than Indiana for sure.
Hard to argue with any of it, really, even if Alabama might be the 10th best team instead of the 12th best team in reality. Would have been annoyed if Bama made it over Miami, so at least it didn't come to that.
If I had to make changes for next year, I'd suggest two simple things:
1. Expand to 16 teams and take champions from all 9 conferences. Still get 7 at larges, just like this year, but there's no arbitrary voting decisions between, say, Clemson, Boise State and Army on who gets a chance and who doesn't.
2. No protected seeding, just seed 1-16 based on strength to balance out the bracket. I think this hurts Oregon and Georgia the most this year, so I think this is the likeliest change to actually happen.