The seeding is won by the team, not the league.
Head to head we had one convincing, in-conference loss and that was to Creighton. Our Seton Hall loss was sparked by an in game injury to our dominant player. Given a few days to game around the loss of that player, we won comfortably, waiting that player's return to the lineup.
As was said elsewhere, all the other conference teams who did not make the field of 64, had failed to impress with their OOC record.
That stuff does count!
The entire Mountain West was penalized together, with the exception of storyline darling San Diego State.
Utah State should have been a 6/7. They're an 8.
Nevada should have been a 7. They're a 10.
New Mexico should have been a 9. They're an 11.
Colorado State and Boise were projected as comfortably in the field. They're in play-in games.
Meanwhile, the Big XII, who were criticized in the exact same manner as the Mountain West for having inflated NET numbers, got very favorable treatment in seeding (TTU a 6, Texas a 7), with the exception of Oklahoma being offered as a sacrificial lamb to make it look a little less blatant.
They absolutely judge conferences as a whole despite their protestation to the contrary.