I just read an article on another site that basically states that the CFB Playoff will redefine what it means to be an elite program.
So, let's say that its 2022, and you are Notre Dame and you have yet to crack the code to make the college football playoff. Substitute Texas or UCLA or Michigan for that matter. If you don't reach the Final Four, you are not elite. No matter that your history says. Seems about right.
ND has always been elite in their own minds. And they have a great historical "argument." (personally, I don't like ND, but I do admire their status in CFB).
But 8-10 years into this CFB playoff, no one else is going to be sharing that view if ND keeps "missing" with various 1-, 2- or 3-loss seasons. The criteria has changed and ND is going to have to adapt. Get in the Final Four or else you lose status as an Elite Program.
That is why I was really bummed ND lost that heartbreaker to Stanford 2 weeks ago. If the Irish had won the game, yet missed the CFB playoff (likely they would have still ranked behind OU) with just one loss (to #1 Clemson by 2 points), that would have essentially kick started the process of ND self reflection.
Would ND have joined the ACC in 2016? No way, of course not. But if they have 2-3 close misses in a decade and get excluded from the playoff each time, they'll suddenly realize that independence ain't all its cracked up to be. Especially when the college football pundits begin to laugh at, as opposed to lauding, their independence.