There's a tab on the MVC site's Men's Basketball section under Championship which has a pdf of the tiebreaker for the Covid year Arch Madness.... Here's the relevant section to the Loyola-Drake tiebreaker....
Quote:
Two-way Ties
1. Records in head-to-head competition are compared, with the higher seed going to the team that has won
the most games against the other;
2. If the tied teams did not play each other or split their series, then each team’s record against all common
conference opponents shall be used to determine seeding;
3. If the teams are still tied, then each team’s record against the highest common opponent in the conference
standings shall be used to determine seeding;
4. If the teams are still tied, the deadlock will be broken using the NCAA Evaluation Tool (NET), as published by
the NCAA on the morning after the final regular-season MVC games. The team with the better NET rating will
receive the higher seed. The NET will not be used if fewer than four Division I non-conference games are played
by each tied team.
According to my reading, when you get down to tiebreaker #3.... the "highest common opponent" right now is Missouri State. As both teams are 2-0 against Missouri State, that would be a tie and throw us to section 4. Which would go to Loyola on the basis of the NET. I see nothing that says that if a tie happens with the highest common opponent, you go down to the next highest until the tie is broken.
Now, if Missouri State loses one or more games to Evansville, and Indiana State sweeps at Valpo, that would put Indiana State in third place. Drake is 2-0 vs. Indiana State, and we split.
There's not really too much difference between the #1 and #2 seed, because both teams will play a team that came out of Thursday. The difference between 2/3 and 6/7 is much bigger. But there's a point of pride involved, and a small advantage in timing and opponent.
Now maybe I have this wrong (some of the lawyers might step in), but my reading says that as of today Loyola has the #1 seed tiebreaker.