"Too much."
Now we get to find out exactly how many loses GT deserves given it's relative position as a football school to other football schools, and find out what "too much" actually means.
There is no objective reason why GT deserves to have a winning record in any given year ever. GT is a öööö school for football. Facilities are subpar, school is hard, fanbase is small, no journalism department, no crip majors, lackluster stadium, the girls aren't terribly cute, and the school itself is fundamentally unfun for everyone. There is zero reason why a future NFL player would come to play at GT over any other school in the ACC, much less the SEC or B1G or PAC. GT's problem with football is the school itself. The school itself, left to natural selection, is a 5 win maximum school. Any coach that exceeds 6 wins a year is overperforming. Even Chan Gailey overperformed, if only slightly. A coach who manages to land an ACC title game appearance at GT is so drastically overperforming that they should build a statue for him.
Everyone in the entire country realizes this. The only reason anyone wouldn't realize this is because of a tremendous fan bias. We had a guy who won a couple NASCAR races a year with a pickup truck, and ran him off because he didn't win enough races with the pickup truck. So now we all get to see exactly where the pickup truck deserves to place in the race.
Enjoy the ride.