MVP depends on team record and player stats. Not on whether the team is in the playoffs or not.
Yeah that's a great oneliner. But in many sports the MVP comes from teams who reach far in tournaments/off season.
Check out soccer for example. Van der Sar is probably (one of) the best goalkeepers in the world. He played perfect last EC. But who got the title of the best goalkeeper? Right Cassilas.
Why is that? Cassilas made 2 terrible mistake, 2 goals due to his mistakes. The Netherlands washed away Italy and France in the 1st and the 2nd game, with great soccer. 4th game, the quarter finals, they had a off-day, played terrible and were eliminated. Only Sneijder was in the EC2008 Dreamteam.
I believe i've never seen a MVP in the NBA from a non playoff team (i'm happy to see if anyone got one)
About the Big 8 Great 8 thing, good point, although you can only expect he would have been in the PO in the other conference, he might have finished 3rd there.