Depends who they replace them with and how they perform in the future. On the surface what you say is true - but they still have a higher national perception than the MAC with a significantly higher chance for at-large bids.
Not anymore they don't. They essentially just lost their Gonzaga and St. Mary's. They no longer have their built in metric boosters. Without Creighton and Wichita State they look very MACesque.
Basketball Budgets
MISSOURI VALLEY CONFERENCE
Creighton 7,265,599.00
Wichita State 6,920,933.00
Bradley 3,128,419.00
Northern Iowa 2,899,699.00
Evansville 2,899,667.00
Loyola-Chicago 2,745,553.00
Drake 2,472,212.00
Illinois State 2,452,961.00
Missouri State 2,279,917.00
Southern Illinois 2,241,413.00
Indiana State 1,832,975.00
MID AMERICAN CONFERENCE
Ohio 3,101,150.00
Akron 3,088,920.00
BGSU 2,389,470.00
Toledo 2,340,047.00
Miami 2,329,719.00
WMU 2,183,818.00
KSU 2,152,644.00
UB 2,054,470.00
EMU 2,031,759.00
BSU 1,905,730.00
NIU 1,880,733.00
CMU 1,646,267.00