Yeah I get it, which is why I always come back to-- the game is for entertainment. You're supposed to enjoy the game itself, as it plays out on the field, between the white lines. If you find yourself not enjoying THAT part, then what's the point?
The quality of the entertainment is somewhat dependent on the stakes involved.
I play golf. I'm very entertained out there. I wouldn't expect you or anyone else in the world to want to watch my golf on TV. Me and my normal group are a bunch of crappy golfers playing a $1 skins game. It wouldn't be entertaining to anyone but us. The stakes may matter to us, but they wouldn't to an outside observer.
Likewise, I play golf, but not just because I like hitting good shots (i.e. the "between the white lines" idea). I can hit good shots on the driving range. The difference is on the golf course, good shots / bad shots have rewards / consequences. On the driving range, good shots are meaningless, as are bad shots. The stakes matter.
Similarly, there's a big dust-up in professional golf over the past few years. You have the PGA Tour, and then you have an upstart league funded by the Saudi PIF called LIV Golf. That upstart league has paid some star golfers obscene amounts of money to join their tour. They play for consistently larger purses than the PGA Tour. And it's an entertainment FAIL, because what people are playing for on the PGA Tour has history, meaning, and consequences.
To me, the history / meaning / consequences in the old days of the bowl system were significant. It was entertaining, BECAUSE there was reason to care. Getting to a bowl game was something that a team like mine could take pride in, and then you hoped you might have a chance at a "prestigious" bowl game. I've been to Jan 1 bowl games for my team, the 2000 Outback Bowl and the 2001 Rose Bowl. Bowl games mattered. Now they don't.
What the CFP system is doing is asking ~110 teams to put a helmet on and run into a brick wall, over and over and over, when 20 or so teams are on the other side of the wall. Those teams are never getting through, but they're are asked to keep running into the wall because the money is good enough that they're not going to stop.
Parity might be the wrecking ball for that wall, but with NIL / transfer portal we're going the exact opposite direction from anything that might improve parity.