I'm not sure if they had any real control over when they got dropped back in time. I think the "time fracture" (or whatever they called it) just dropped them 85 million years back in time. That's why the team that was sent back first (a few years before the time the show is set, I think) arrived a few years before the main characters did.
I wouldn't worry too much about the extinction event though. They still have 20 million years, give or take, to worry about that. Humans advanced from living in caves up to traveling through space (and time, in this setting at least) in around 20,000 years. The new settlement has 1,000 times that, and they're already starting from an advanced point, so (assuming they don't get wiped out or wind up regressing into another dark age) they'll probably be able to deal with that when the time comes.
Plus, running around the jungle with dinosaurs is just plain cooler than running around the jungle with... large rodents.