Instead, CSU was a bad team last year and, while they had a good year, they still have some of the issues from the years of being one of the worst teams in the MWC.
Of course, if a Go5 team beats a P5 in a bowl game, particularly in a blow out, the announcers will claim that the P5 team is still much more talented, just that the P5 team didn't want to be there.