Link: http://www.ncaa.com/news/football/article/2015-12-12/college-football-qa-bowl-edition
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It used to be that only conference champions of only a few big conferences played in bowl games. Now it is if a team can win 5 games in 12 they have a chance to play in a bowl game. I guess it is like how the value of a dollar has shrunk over the years.