and in doing so needs to scrap the old model. If it is about money, and turning into a professional league then go back to regional conferences. Instead of recruiting, draft high schoolers (with draft choices allocated the same as the NFL), players sign contracts, transfer rules similar to free agent status, salary caps, etc.
The system, as is, will never be fair. It is designed to keep the money in the hands of a small percentage of schools, who have banded together to make sure that they keep a significant share of money. Everyone knows this - the others go along with this system because they hope to be admitted to this club. During a sports law meeting at my law school, an athletic director from such a school was invited to speak. He opened the meeting for questions and I asked him about this. He admitted the system was unfair but shared that he was not going to bite the hand that fed his program.
Using statistic models as predictors as to who should play for the championship, in my opinion, is stupid. Have playoffs like the NFL. Let the decision be made on the field by the players - advancement to the playoffs is decided same way as the NFL.
I don't really want to see college football turn into a pro league but with the the way it is changing, most teams are inherently excluded (they always were but the pretense that anyone can make it to the championship game with a new play off system is a mirage).