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At what point does the viewership drop to such a level that playing the game isn't that valuable to the networks.Yes but it’s the TV money that drives the brinks truck.
I guess I tend to believe that the actual talent of the two teams taking the field in the average bowl game doesn't matter. What does matter is how well their fan base travels, under certain conditions, and how well they do in the TV ratings. It could be an 0-12 Notre Dame against a 1-13 Alabama, and it would pull a decent viewership level. If it was a 14-0 Boise State against a 14-0 Appalachian State, you'd be looking at a half empty stadium, and low viewership.
That's why some teams end up getting bowl games ahead of better teams, even though the at least try to make believe it don't happen.