Sure they do. If a team from a smaller conference has a great season they deserve a shot. Nothing is guaranteed here. Elitist attitude be damned. It will keep those from non power 5 more interested and actually reward them with a playoff spot in a great year instead of a crappy bowl gameThey don’t deserve a shot, they’re not good enough.
And even if they get blown out in a given year , so what? Notre Dame routinely craps themselves in big bowl games and playoff games and nobody complains