I really don't like the selection process.
1) There are always several teams from smaller conferences that had good/great years and are left out of the tourney because a conference is deemed a 1 team bid. With too much emphasis on Quad wins and losses. If your team plays in the Big 12 every game won is almost considered a Quad 1 win, but any other conference would not be. The weighting is off balance. if Quad wins are the end all be all, see the chart below. Do they really matter? only 8 of the sweet 16 left are from "Power conferences" where most of the Quad victories are attained. Basketball is so much different from football as it only requires 5 players and teams with seniors can strapped in on 5 freshman Mcdonalds all-americans
2) The "Power" conferences are getting multiple teams in due to getting an additional share of the proceeds when several are barely playing 500 ball within their own conference are are getting "20" wins by playing division 2 schools or SWAC schools. Maybe the only way to fix this problem is make a rule, if you do not finish in the top 1/2 of your league, you should be ineligible.
3) No conference champion should have to play in a play-in game.
4) possibly the only fair solution is to expanded the tourney to 128 teams and start is on Tuesday instead of Thursday playing 3 games on the first week
AAC-Houston -2 teams
ACC - 1: Miami -5 teams
Big East - 3: Creighton, Xavier, UConn -5 teams
Big 10 - 1: Michigan State -8 teams
Big 12 - 2: Kansas State, Texas 7 teams
CUSA - 1: Florida Atlantic 1 team
Ivy - 1: Princeton 1 team
Mountain West - 1: San Diego State 4 teams
PAC 10 - 1: UCLA - 3 teams
SEC - 3: Alabama, Arkansas, Tennessee 8-teams
West Coast Conference - 1: Gonzaga 2 teams
Bottom line is I think the tourney should be a reward for a team that has a good/great season and not a cash grab for mediocre teams that have name recognition.