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