My rankings are based on who I would make favored over whom on a neutral field.
1-Ohio St.
2-Indiana
3-Texas A&M
4-Alabama
5-Georgia
6-Ole Miss
7-Texas Tech
8-Notre Dame
9-Oregon
10-Utah
11-Texas
12-Vanderbilt
13-Oklahoma
14-Tennessee
15-USC
16-Miami
17-Missouri
18-BYU
19-Iowa
20-Michigan
21-Ga. Tech
22-Cincinnati
23-Washington
24-Pittsburgh
25-Louisville
26-SMU
27-Penn St.
28-LSU
29-Illinois
30-South Florida
31-Arizona St.
32-James Madison
33-Arizona
34-TCU
35-Mississippi St.
36-Virginia
37-Auburn
38-Florida
39-Nebraska
40-Houston
41-Memphis
42-Duke
43-Baylor
44-Kansas St.
45-Clemson
46-FSU
47-Arkansas
48-Iowa St.
49-South Carolina
50-North Texas
Just Missed: UConn, Minnesota, Wake Forest, Navy, NC St., Kentucky and Northwestern.