8 was the right number of teams.
12 is too many. Bama, ND, etc. should not have a chance to be in the conversation, much less the playoffs. Make the season mean something.
16 teams will be a clown show.
A limit was imposed 6 - 9 years ago that they could not offer more than ~$550 in swag.
That has not been adjusted since, as far as I know
Edit - Some sponsors are skirting that limit, but I didn't give this article a full vetting...
Tried for a while to get the right freeze frame watching from home, but I really wish I would have gotten a shot of the IU players eyes after he realized he was just blocked and didn't get the dunk.
Wide open WTF eyes while still holding onto the rim. It was awesome.