I thought the James Madison thread discussing last year's thinking process below was interesting:
https://csnbbs.com/thread-861737.html
They also believe that if UC Davis and James Madison win out, then UCD will take the #2 seed over James Madison due to the strength of schedule.
Copied text below this line:
The first official rankings from the FCS Committee will be released this Thursday (11/2) at halftime of the ESPNU game. The second set will be released next Thursday (11/9) on ESPNU. The Selection Show will be on Sunday 11/19.
There have been a few other threads discussing hypotheticals and scenarios, but I want to share the following.
At-large teams shall be selected by the NCAA Division I Football Championship Committee, assisted by four regional
advisory committees that serve in an advisory capacity only.
The following principles shall apply when selecting at-large teams:
1. The committee shall select the best teams available on a national at-large basis to complete the bracket. Per NCAA
Bylaw 31, the basic criteria used in the selection of at-large participants are (1) won-lost record,
(2) strength of schedule, and (3) eligibility and availability of student-athletes for the NCAA championship;
2. There is no limit to the number of teams the committee may select from one conference;
3. The won-lost record of a team will be scrutinized to determine a team’s strength of schedule; however, fewer than
six Division I wins may place a team in jeopardy of not being selected;
4. The committee may give more consideration to those teams that have played all Division I opponents;
5. If a committee member’s institution is under consideration, that committee member will not be allowed in the room during
discussions involving his/her team and may not vote for his/her team during the voting process. Similarly, a committee
member from a conference office may not be present during discussions, nor vote for any team from his/her conference.
The NCAA Division I Football Championship Committee will use the NCAA Simple Rating System (NCAA SRS) as a tool for
evaluating teams for selection into the 24-team championship.
The NCAA SRS is a ranking system used to gauge team quality. Within the NCAA SRS, the rating of a team will be calculated
largely by two components: a strength-of-schedule measure (SOS) and a win-loss differential (WL).
A team’s SOS measure is simply the average NCAA SRS rating of that team’s opponents for the season.
A team’s WL measure factors whether a game was won or lost; the location of the game (home/away/neutral site); and the
NCAA (sub)division of the opponent.
1. In a game between two FCS teams played at a neutral site, the winning team gets one point and the losing team loses
one point.
2. In a game between two FCS teams played at a non-neutral site, a home win counts 0.75 for the home team and -0.75 for
the losing team. A road team win counts 1.25 for the visiting team and -1.25 for the home team. In other words, there
is a bonus/penalty of +/- 0.25 for the home/away teams depending on the outcome.
3. An additional bonus/penalty of +/- 0.1 is added/deducted for games that FCS teams play against FBS/non-Division I
opponents. For instance, a home FCS win against a Division II opponent counts only as +0.65 points (0.75 for a home
win - 0.1 penalty for playing a Division II opponent). In addition, a road FCS win against an FBS opponent counts +1.35
points for the FCS team (1.25 points for a road win + 0.1 bonus for beating an FBS opponent).
4. The WL measure is then doubled to equalize the contributions of the WL factor and SOS factor toward a team’s NCAA
SRS rating.
5. Margin of victory will be factored into a team’s NCAA SRS rating. This component is capped at 21 points.
The teams’ ratings are independent in that one team’s rating depends on its opponents’ ratings, which depend on their
opponents’ ratings, etc., based on the “network” of college football games played each week during the football season. The
NCAA SRS will also standardize the data in order to equalize the variance in total number of games played (i.e., 11 or 12
regular-season games).
Games against Division III or non-NCAA opponents are not factored into any team’s NCAA SRS rating.
The time of the season in which a game is played (early-season versus late-season games) is also not factored into a team’s
NCAA SRS rating.
The NCAA SRS will not “force select” any teams into the championship; rather, it is one of several resources that
the Division I Football Championship Committee will have at its disposal when debating the merits of teams under
consideration for championship selection.
The NCAA Division I Football Championship Committee will begin reviewing NCAA SRS data during the later portion of the
football season as it prepares for champion.