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Thank you for this detailed analysis!There is one more P5 vs. P5 game, Illinois vs. Missouri, which is tonight. With the rest of the schedule pretty much locked in, we have a pretty good picture of how many teams each conference will get. No league is dominant enough this year that sub .500 teams in conference play will get a lot of leeway, so a good rule of thumb is: "how many teams from the league would get a bid with a .500 record in conference play?"
There are 37 at-large bids plus 5 conference champions = 42 bids.
Start with teams ranked 40 or higher in the NET:
SEC: 8 (Vanderbilt, Georgia, LSU, Alabama, Tennessee, Arkansas, Florida, Kentucky)
Big 12: 7 (Iowa State, Arizona, BYU, Texas Tech, Houston, UCF, Kansas)
Big 10: 9 (Nebraska, Michigan, Purdue, Michigan State, Indiana, UCLA, USC, Iowa, Illinois)
ACC: 8 (Duke, UNC, Virginia, Miami, Louisville, SMU, Clemson, NC State)
Big East: 4 (UConn, Seton Hall, St. Johns, Villanova)
That is 36 bids that these conferences have a high confidence of getting as of Christmas. I could be off by 1, but something really weird would have to happen for any of the conferences above to be 2 off from my prediction above.
Some of the teams listed above won't make it, but they will likely get replaced by another team from the conference. For example, if Texas finishes with a winning record, it means that one of the SEC teams listed above had a losing record, and probably took itself out of a bid. Weird stuff can happen, like 2 years ago when Seton Hall was terrible OOC and finished with a winning record in league play, but those are exceptions.
Close: Auburn (43), Baylor (42), California (44), Butler (46), Ohio State (49)
Depending on how many mid-majors get bids, there are another 2-3 bids from among the "close" teams. Again, some of these may swap out if a Wisconsin or TCU does well in league play. .500 in league play puts these teams right on the bubble. The Big East has a slight advantage here because Butler is less exposed to the "marginal Zero Sum Game" problem, where as a conference stretches towards the middle of its standings, someone has to finish .500 or with a losing record. Butler is not really in the middle of the standings, and it also doesn't have a deep top of the league that gives a lot of teams in the league 4 or 6 automatic losses.
Others of note:
Gonzaga (5), Utah State (17), St. Louis (25), St. Mary's (24), Tulsa (41), Yale (45), McNeese (47), Boise (48)
Gonzaga is the only team on this list that is a lock to get a bid if it doesn't win its conference tournament because none of them other than Gonzaga have quality wins. For now, I am assuming that the mid-majors get 2 at-large bids, but that is a conservative assumption. Zero mid-major at-large bids is a real possibility.
Regarding the under .500 P5 qualifiers, I fully expect the Big 12 to get a couple sub .500-- and perhaps well under .500 (in conference) -- teams in the tournament.