Proper modeling of collective communications is essential for understanding the behavior of medium-to-large scale parallel applications, and even minor deviations in implementation can adversely affect the prediction of real-world performance. We propose a hybrid network model extending LogP based approaches to account for topology and contention in high-speed TCP networks. This model is validated within SMPI, an MPI implementation provided by the SimGrid simulation toolkit. With SMPI, standard MPI applications can be compiled and run in a simulated network environment, and traces can be captured without incurring errors from tracing overheads or poor clock synchronization as in physical experiments. SMPI provides features for simulating applications that require large amounts of time or resources, including selective execution, ram folding, and off-line replay of execution traces. We validate our model by comparing traces produced by SMPI with those from other simulation platforms, as well as real world environments.