My current perception pretty much. They have a young team that can make a huge run in the tournament. Much of Alabama's success was in the 1980's and 1990's - using that argument is like when Bonnies fans tell us that they won the NIT and made the F4 in the 16th century. Historical success is nice, but if your current team isn't great then it doesn't mean much.
Miami U is the "Cradle of Coaches," has something like the 25th best win % in D1 football, has a toooon of conference championships, but has Chuck Martin on the slidelines. Is that more desirable than the Ohio job*?
*Worth noting that Ohio has not won a MAC Championship since.....oh wow, 1968! Has it really been that long?