Just to add to my last post, St. John's is a clearly a much better team than #16 like the NET says, in large part because we are a better team now than we were a few months ago (keep in mind how much our NET has improved since November). When it comes to being selected to the Tournament this momentum wouldn't matter, it didn't help last year when we peaked late, but for seeding it does.
The NCAA creates a "true seeds" list, and further each Committee member selects their own top 8 teams. They want to get the seeding right and I expect our position on Selection Sunday to more so reflect our position in areas such as Vegas odds (#8), AP (#6), or Coaches (#5), so in other words a 2 seed if we do well in the BET. I'm not saying that they really care about what the AP or Coaches think, just that their mentality would be similar.
In short, last year we were screwed over with how the Selection Committee operates, UVA for instance was clearly going to perform badly and that's exactly what happened, but this year I think our seed will reflect where we deserve to be.