Many here on CB will be the first to say that we are considered a P5 team, and they will point to the exemptions conferences have made for BYU as far as scheduling. I don't think these exceptions mean much of anything, and today proves that.
I'll be convinced that BYU is considered a P5 team when we get a fair share of the CFP payouts. Right now we have arguably the worst deal in regards to payouts of all FBS teams. This tells me that BYU doesn't have a strong voice in the decision making, and is just along for the ride. Here's an article discussing the payouts to different conferences as well as BYU, Notre Dame, Navy and Army.
http://www.foxsports.com/college-football/outkick-the-coverage/college-football-playoff-revenue-makes-every-conference-richer-except-one-050415
Help me with my unbelief CB... Are we a P5 team?