The BCS is a funny little concoction, and I'm not the only person with thoughts on it. I am the only person whose thoughts on it are on this page, however.
For those who are not aware, the college football championship is decided in a championship game between the top two teams in the country. "Top two" is decided by a convoluted system, or rather the sum of terms calculated by several convoluted systems.
In some sense, the last two components are an attempt by the BCS committee itself at producing statistical rankings to add to the first two.
The strength of a team's schedule should be included in some manner if
the number of losses is included, but the rotisserie system is, as I
said before, goofy. If all teams played very similar schedules then
teams of the same strength are similarly likely to have acquired losses
in the course of those games; whether the 12th schedule is really a loss
better than the 37th schedule is hard to answer but is almost certainly
more true some years than others. I'm not sure why they didn't simply
multiply the win-loss percentage by 11, the number of games a team plays
in a season, after subtracting from 1 so that lower is better as it is
with the other components. This basically would give something like the RPI, and I think is considerably less goofy, not
only giving more correct results but being simpler as well.
The other concern I have with this is that a team could suffer for
playing an extra game against a weak opponent, which would drive down
the opponents' win-loss average. As I discuss elsewhere, the RPI is
much less valid when a team has played a lot of opponents
that aren't at about its own level of strength, and the top two teams in
the country will not have found very many other teams at about their
level of strength. I think, because of this, that the strength of
schedule should only count the 5 best teams played, but with the proviso
that any team that beat you has to be one of those 5. (A team that goes
10-1, losing to its weakest opponent, would average the top four teams
and the bottom one.) In this case, you would multiply the win-loss
average by 5, not 11, of course.
Winning games against weak opponents doesn't mean
you're good, but it doesn't mean you're bad, either, and beating five
good opponents should at least be enough to throw the rest of the
calculation to the polls.
More thoughts
I'm feel less strongly that the number of voices should be pared than I used to, though I do cling to the idea of weighting the votes if a good method for doing that can be found. I do feel, though, that the computer rankings are being dealt with in the wrong way. The reason the lowest ranking is thrown out is that averaging all the computer rankings gives one computer the opportunity to say that a team is no higher than thirtieth, saddle that team with an extra 3 or 4 points, and eliminate it from contention; every computer then has a veto. Now it takes two out of eight computers to veto a team. This still isn't right; neither should a poll be able to veto a team. In fact, we really shouldn't be trying to take the second best team into the championship game; we should be making sure we're taking the best team. If a lot of people and schemes think that A is better than B is better than C, and others think C is better than B is better than A, we don't need B in the game; we need A against C, because, regardless, one of those teams is the best. My current favorite idea to deal with the rankings is to average together the reciprocals of the rankings; the teams with the most first place votes, with lesser credit for second and third place votes, should play, rather than the teams that nobody thinks are thirtieth. (An undefeated team against untested teams would be likely to fit the description of a team that most people don't think is in the top two, but a significant number think is the best, and should get a chance to demonstrate it.)
I still feel largely as I did about strength of schedule. The BCS, as it's used to determine the championship game, needs to be much more adapted toward comparing the very top teams, instead of being a way of generating rankings down to the twentieth team.