The reality is there will be teams with losing records. With the Power 5 conferences having so many bowl lock ins and only 1 game out of conference, even a team at 4-6 in conference will have a losing record. In a normal year, that would be offset by a 3-1 OOC schedule (to get to 500). You can definitely argue that we have double the number of bowls that we should. But with most of these bowls being on ESPN and their strong influence on college athletics, I don't see that changing.
I would prefer GT get a bowl on the East Coast to hopefully get more fans there. I don't think GT will get to a bowl without at least 5 wins overall which means we need to go at least 3-3 in our remaining games. And I do agree with a young team, additional practices would be of significant value.