Andy has nailed a stereotype of the States here. This country's media, in a seemingly desperate attempt to win over viewers to the sport, obscenely trumps up the EPL out of proportion ... all the while playing a bizarre, Wizard of Oz-like "pay no attention to the man behind the curtain" game when it comes to leagues in Spain, Italy, France, Germany, South America, etc.
They strike me as wannabe know-it-alls on the sport ... and yet having this strange "please don't ask me about any league that doesn't natively speak English" fear of seeming ignorant about everything else (of which they mostly are).
That aside, I understand the tradition argument -- though it doesn't apply in sports such as the NCAA basketball tournament of 64 (which is probably the closest thing Andy, Henry, and I have in national sports here to the size, style, and hype of a CL-like trournament). It would be unheard of to give North Carolina an automatic bid for next year if the bottom fell out in their regular season and division tournament campaigns, for example.
And as for tradition, there are bad traditions and good ones, useful traditions and useless ones, valuable traditions and pointless ones. This one I'd file under pointless, irrelevant, and archaic. Kind of in the same category as James Naismith's invention of basketball with 11-person teams.