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I agree that it doesn't make a whole lot of sense to say the mid-majors belonged because they ended up doing well. I don't really have an opinion as to whether the MVC "deserved" 4 bids -- all I can say is I'm glad they got them, because it makes for a more compelling and egalitarian event. It's a lot more fun to root for Bradley than Texas A&M (unless you're an Aggie, of course).
Clark Kellogg has done a fine job of exposing the logical fallacy of judging the selection process from the subsequent results (even though he still won't look at the camera for more than a second). In Packer's defense, at least the logical fallacy was used in service of an apology instead of a defense. Still, it reminds me of another sporting fallacy -- in baseball, we often hear that you can't judge a trade at the time it's made. This is silly, of course. Since the future is unknowable, the time of the trade is the only time you can judge it.