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