It's a bit of a holdover from baseball SABR metrics.
In baseball, everything can be boiled down to single events, in a way no other sport can.
With sophisticated ball teaching tech, even things like spin on the ball is being quantified.
Basically, if you have a teams pitching results and hitting results, you have their run differential. How many runs they score and how many they allow. If you have those, you can predict their record almost exactly over a full season. Yet, sometimes teams are significantly better or worse than their predicted record. While some teams are aberrations, 95% of records are within a few games of the prediction. Once in a while, a team is far outside this predicted range.
If you can't determine why this is, you call it luck.
Syracuse has far more wins than they should when looking at how many points we score vs. how many we give up.
The obvious answer is "who cares? We beat who we beat!"
Apparently, huge amount of weight to margin of victory and these efficiency metrics when calculating the NET.
Every year, some teams are given preferential treatment by the NET, and some are screwed over.
The NET has always sucked this way, we just weren't good enough to have to worry about it. This year, we have to worry about it, and simultaneously, WE are the team getting screwed over. Historically. I imagine in the history of the net no team has been ranked as far below their actual quality as Syracuse is right now.
With our current win streak, ever since beating UNC, we haven't moved up at all. We were probably slightly under ranked a week or two ago, but now it's getting ridiculous.
It would be humorous if it didn't matter so much.