it is just an OOC dual. it creates some really fun match ups but they don't matter more than any other dual meet.
they're Cael's brainchild. the NWCA (coaches association) tried to get everyone to participate in a national dual meet tournament, but Penn State and Iowa and others didn't like it for whatever reason so they declined to participate. so then the NWCA proposed making the dual meet a component of the NCAA tournament. how you finished in the dual meet tournament would earn points, which would be added to the points your team won at the individual NCAA tournament. this would force the top team to participate if they wanted a shot at winning the team title. but Cael hated it for whatever reason and threw a tantrum. when they asked him to come up with something better, we go the Bowl Duals are (even though they are wrestled in arenas).
I think they're fine but an actual national dual championship tournament wouldve been much better in my opinion. ESPN, which owns the rights to any D1 NCAA championship competition, wanted more duals and would've aired them during the basketball tournament, the 1 sport they don't own the rights to. it's still a possibility, we just have to wait for this idea to run it's course.