I wouldn't pay a lot of attention to what they say. If I were putting together a 64-team (field), I think it's almost impossible to say Colorado does not deserve it.
I would like to have seen Colorado get in because of their body of work, 9-7 in the league. But I'm a Big 12 guy. There are so many deserving teams you can make a case for. I'd hate to have the committee's job. It's tough.
Colorado must be trying to figure out how much they want to extend it by. That's the only reason he wouldn't have an extension.