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When you think about it, it's really no different than a bowl locking into a deal with a certain conference. If I'm not mistaken, there is currently only one bowl (Poinsetta in San Diego) that has an open spot not tied to a certain conference, without making deals like the Meinecke arrangement (or something like what Notre Dame has with the Big East) Navy and Army can't count on bowl spots being available if they have a good year. Navy had been lucky the last couple of years with conferences not filling all their alloted bowl spots but with the new rules going into effect with the 12 game schedule, they can't count on that anymore.
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With respect I believe it is very different because of the number of teams involved in a conference. Any bowl that has agreed to give one of its slots to an ACC team, for example, knows that there are 12 teams that will be possibly eligible for their slot. In this case it is a specific team that has been allocated a slot in a bowl game prior to the season starting so long as they meat a certain minimum-win criterium.
As far as I'm concerned they can just change the name to the "Naval Academy Invitational post-season game." Had this been any other team I would have felt the same way. I love playing the service academies no matter how good or bad their teams might be. I can't even begin to describe how much respect I have for the young men who not only are going to serve our country but ALSO have decided to represent their service academy in athletics. In fact the only thing that makes this less outrageous to me than it normally would be is that it is one of the service academies and if anyone deserves a post-season game if they get a minimum number of wins it is the service academies.
I would have felt better if the bowl had made a tie-in for one of the slots to be from among the service academies. So they could choose between Air Force, Navy, and Army as long as they met the minimum number of wins criterium.
By the way, I'm not too fond of conference tie-ins either ;)