been for a while. But they’re still a signature win because of the logo. Alabama might well be on the way down. But they’ll be a signature win for years even if they are on the way down.
Texas is elite right now. But they were helping the Big XII’s actual strength like an elite team would in an average year over the previous ten years in any way other than “signature.”
It’s an advertising and reputation game to some extent instead of a “this season’s actual results” thing. Giving more seeding strength to the P2 would only make that worse.