It is inevitable that there will be key players that won't be able to play due to Covid thus affecting the "expected" outcome of games. There are bound to be more young 2nd tier players opting out "due to Covid" to maintain a year of eligibility.
When it comes to picking the Final 4, how are they going to differentiate with no inter-conference games and 2 Power 5 conferences sitting out(at this point).
I'm sure if we get to the bowls with the season as currently configured, the media will have a tough time calling it a NC game with a straight face. But I'm sure, they will grin and bear it.