Right now it doesn't. But IF, and big IF, Jorge wins vs Burns, then he would have a better claim to the title shot than Colby. (No bigger than Belal's, though)
We are in situations like this because of the flawed ranking system. Popular fighters at the top (Dana White privilege), can duck fights as they please against lower ranked opponents (even after losing), so eventually, when a new fighter reaches the top, he also starts with the same conduct, and is understandable because he himself was ducked for the longest of time. It's totally on Dana. So even if the Colby fight were to be more competitive, I hope Leon picks someone else just to stick it to Dana.