Here’s the good News for you guys:
1.) You’re not getting a first round bye no matter what your record or ranking because you don’t have to play a Conference Championship Game. The top four seeds do. Why is this a positive??? Because now if you are seeded anywhere from 5-8, you basically get a “Conference Championship Game” at Home, and unlike the top four seeds, more than likely get to keep most of the gate revenue.
2.) You can be ranked as low as number 12 if the top six Conference Champs are ranked anywhere in the top 11, and still make the Playoffs.
3. Since you’re not in a Conference, your equivalency of a “Conference Championship Game” could be against the Sunbelt Champ or the MAC Champ instead of an Ohio State, Michigan, USC, or Penn State.
4. ) If you think of the first round as your equivalent of a “Conference Championship Game”, and you win, the next round will most likely be at a neutral site. The higher you were ranked during the regular season, the worst of the four top Conference Champs you’ll end up playing anyway. They’ll be more rested, but also, maybe more rusty from a longer layoff between games.
There’s other things, but all in all, I think you’ve made out pretty good. Your main issue will be scheduling if Conferences like the Big Ten expand further and move to a ten game schedule.