You're correct on the Drake bid, but even that was an autobid. The Valley as a premier mid-major conference is pretty much toast, as the only schools that were investing into their basketball programs were Creighton and Wichita State and by doing so, they outgrew their peers and leveraged that into a more prestigious conference affiliation. Doesn't help that many of the Valley leftovers are in pretty challenged financial condition (from a school budgeting perspective) and are heavily dragged down with FCS football expenses. Neither Wichita nor Creighton had that and thus were able to focus their primary resources into basketball. Eventually you'll see Arch Madness fold and the conference tourney will be hosted at campus sites. Pretty big bummer for one of the best mid major conference tourneys.