I've been in tournaments where I knew I had a team in the 4th to 6th best but found myself the 8 seed or 9 seed and wound up facing the top team in the 1st or 2nd round, really the only team we didn't match up with. It is what it is.
Loyola Chicago is slotted 30th overall seed, an 8 seed in bracket. Honestly that is probably where they legitimately fall. They start in the churn (7-10 seeds, 25-40 seeds overall) where anyone can beat anyone, but your reward is to face a 1 or 2 seed. They don't get any special treatment, nor should they or anyone else from any conference. They have a winnable first game and that is all you can ask.
The NET is a refinement on RPI, because it takes into consideration road, home and neutral site, among other adjustments. It is tested to predict results and has been tweaked to improve it's predictive capability.
https://www.si.com/college/2018/11/04/co...em-explain
https://www.ncaa.com/news/basketball-men...-explained
But it's a tool not an end all, which Ken wants. There never will be an end all. There is a human judgement element. NET merely lumps teams into rough groupings. And the committee gave it very strong value. Every eligible school in the top 48 (Arizona at #44 is serving a self-imposed post season ban ahead of NCAA sanctions, #42 Penn State had a losing record making them ineligible) is in the tournament, accounting for 35 of the 37 at-large bids, except Saint Louis at #43.
Now it is worth noting that the actual NET score is not published for the public, merely the ranking position. This gives a false impression of discrete values and of equal difference between each ranking. That is not true. What I heard repeatedly from the pundits who know the actual numbers was that there is a very large gap between the first 4 schools, the 1 seeds and the 2 seeds. It is a reasonable extrapolation, given the mixed up shuffling of rankings and seeds after the first 8 (Colgate being an outlier due to the covid scheduling), that the actual NET scores are much more bunched after that. There probably is not much difference in the actual NET scores from say Utah State at #39 to say NC State at #73. Even so the committee only picked two schools from deeper.
Do I think politics played a role? Possibly, but most likely not for the M6 (P5 + Big East) rather for the UMM5 (WCC, MVC, MWC, AAC, A10) to get each of them a bid (Drake, Wichita State and Utah State all 11 seeds).
The case for Michigan State is 5 quad-1 and 4 quad-2 wins with no quad-3 or quad-4 losses, and for Wichita State the regular season winner of the American, 2 quad-1 and 2 quad-2 wins with only 1 quad-3 loss. Saint Louis also had 2 quad-1 and 2 quad-2 wins but did not win the A10 regular season, and suffered 2 quad-3 defeats. Also not all quad-1 and quad-2 games are worth the same. Michigan State beat Ohio State and Illinois, while Wichita State beat Houston. The best Saint Louis had was a win over St. Bony, a 9 seed, which doesn't match up to those 1 and 2 seed wins. The committee decision is understandable given that.
One can split hairs over Syracuse instead of Louisville and Colorado State, but blame that on bid stealers Oregon State and Georgetown. Even Syracuse did better in the ACC tournament, so arguably played their way in while Louisville and Colorado State played their way out. But hey we are at the fringe of the Tournament selections and there are always marginal cases.
We do see the NIT committee payed great attention to NET in their selection. Every eligible school up to 82nd, except Furman #75 and Stanford #78 was offered a slot (5 turned them down: Louisville, Duke, Seton Hall, Xavier, St. John's). Note, the NIT didn't give automatic qualifiers. There would have been 14 or 15 (not sure on NC A&T as they pulled out due to covid, may have just shut down like Duke), of which 2 they invited (Western Kentucky, Toledo). They probably offered the same teams they would have in a regular year, just a few more rejections than normal (Covid-19, so no home games to collect gate from for M6 schools).
The evidence is pretty strong that NET was relied upon heavily by the committees. But it is not an end all, they seeded as they saw fit.