Imagine the screaming if a 12-0 Big 12 champion gets beat by a 9-3 (2 conference losses plus an OOC loss) 2nd place Big 12 runner-up. Does that mean that the (now) 10-3 Big 12 "champion" gets one of the Top 4 bids or will you select the (now) 12-1 team over a team from one of the other 4 Power 5 conference that also finishes 12-1 and WINS their conference championship game?
Nope isu fans will tell us it doesn't count and must be ignored. Just like when Sparty punked their champion.