No matter how many teams you let in the tournament, they're will always be issues just like there is for the NCAA Tournament and there's 68 teams. The MAC Champ doesn't need to be represented IMO. The more exclusive the better IMO. College football has the most relevant regular season in sports. You can't afford to lose a game right now. Only sport where a loss in early September is lethal, although won't be as much next year. 16 teams is too much IMO (and yes I know they do it at the lower levels, doesn't mean I agree). I don't want to see 4-loss teams in this tournament. I like the fact, teams can't take games off like you can at the end of the NFL regular season. And in terms of seeding, there isn't as much incentive when there's no home games. That's what I would've differently, I get the reason they didn't.
They have an 11 year contract IIRC? That doesn't mean they can't rip it up, like has happened in the past, but I'd just like to see how this four team tournament works. I do agree that there's a good chance it gets increased to 8 eventually, maybe 6 with byes?