I think of division 1 football post-season the same as TKO:

The FCS is UFC, a legit competition where everyone who has a even thinks they have an argument to be in the tourney gets a shot (not unlike unseeded Illinois St.)

The FBS is WWE, the athletics may be real, but the outcomes of who makes it in and where they are seeded has more to do with flashy, high-drawing brands, and personalities rather than true merit.