Saban may be correct that they would be favored against other playoff contenders saver for UGA and maybe Michigan but ultimately your resume and what you did THIS year should be what matters most. Bama would be favored because they are arguably the most talented team in the country but they were the most talented team at the start of the year too so if you're just basing it off that then why have them even play at all this season, just put them straight into the playoff.
Also he cites Young being injured on why they may have lost 2 games, while that may have some truth to it, Texas had them dead to rights before their QB got injured, if he didn't go down they could easily have 3 losses.