ESPN says that there are 38 NCAA FBS bowls for 2014. Since 2008 only one season has this been possible (2011) and there are teams still on probation (Penn State for sure) so hitting 76 bowl eligible teams will be difficult. I know there are provisions for a five win team, but I think we are starting to hit the bottom of the barrel.
Seems as if the NCAA needs to start regulating the NCAA - opps that would reduce NCAA revenues, and that does not seem to be part of the regulation criteria.