The first reveal of the College Football Playoff Top 25 last week set the tone for the playoff race, which quickly took a turn after multiple upsets. Today, the latest insight into what the selection committee thinks of the contending teams becomes clear as rankings shift and paths shift.

In the first year of the new format, the four highest-ranked conference champions will receive the top four seeds, granting them a bye into the quarterfinals hosted at one of the New Years Six Bowl venues . The remaining eight nominations will be filled by seven at-large qualifiers and the fifth highest-ranked conference champion. The higher ranked teams will host the lower ranked teams in the first round.

For these reasons, the College Football Playoff Top 25 does not necessarily reflect the final bracket.

Now, 11 weeks into the season, here’s how the selection committee ranked the top 25 teams with a chance to earn their spot in the new 12-team College Football Playoff.

1. Oregon (Big Ten)

The Ducks lead the way among undefeated teams with just four remaining and have faced the toughest schedule in this group with wins over Ohio State and Boise State so far. Dan Lanning’s group has a clear path to the Big Ten title game and a potential No. 1 overall seed that hasn’t changed.

Upcoming schedule: at Wisconsin, against Washington

2. Ohio State

After starting the season among the top contenders in the Big Ten, Ohio State suffered a road loss against Oregon, but bounced back with a road victory against Penn State. They remain alive in the race for the Big Ten championship and a first-round bye with two big games remaining on the schedule.

Upcoming schedule: at Northwestern, vs. Indiana, vs. Michigan

3. Texas (SEC)

After suffering a loss to Georgia, Texas was able to bounce back with wins. After seeing the Bulldogs suffer a second loss, the Longhorns return to the top of the SEC standings with a shot at securing a first-round bye.

Upcoming schedule: at Arkansas, against Kentucky, at Texas A&M

4. Penn State

After starting the season 7-0, Penn State lost a home game to Ohio State, which could have paved the way for an appearance in the Big Ten title game. With a bounce-back win under their belt, the rest of the schedule still offers James Franklin’s squad a path to its first CFP appearance.

Upcoming Schedule: At Purdue, Minnesota vs. Maryland

5. Indiana

The surprise story of college football, first-year coach Curt Cignetti kept his promise to win at Indiana by entering the final month undefeated. The Hoosiers sit atop the Big Ten standings alongside Oregon while controlling their own destiny in a matchup at Ohio State. Another test was also passed without issue on Saturday against Michigan.

Upcoming schedule: at Ohio State, vs. Purdue

6. BYU (Big 12)

The best team in the Big 12, BYU remained undefeated with a hard-fought victory against Utah. The Cougars already have a win against Kansas State and have a clear path to the conference title game.

Upcoming schedule: vs. Kansas, at Arizona State, vs. Houston

7.Tennessee

After escaping several SEC games with wins, including a rivalry win over Alabama, the Volunteers overcame the road loss to Arkansas and asserted themselves back into the SEC conversation. A win-or-go-home game against Georgia now headlines college football’s roster as all eyes turn to the loser’s resume.

Upcoming schedule: in Georgia, against UTEP, at Vanderbilt

8. Notre Dame

Despite an early loss to Northern Illinois, Notre Dame took advantage of the opportunities to remain a CFP contender by knocking off Texas A&M, Louisville and Navy. Marcus Freeman’s team will have the chance to lead the list and claim one of the at-large spots.

Upcoming schedule: vs. Virginia, vs. Army, at USC

9.Miami (ACC)

Miami suffered an upset against Georgia Tech, knocking them out of the undefeated ranks and raising serious questions about the strength of the schedule. The Hurricanes – along with the rest of the ACC – now appear to be on ice in the playoff race.

Upcoming schedule: vs. Wake Forest, at Syracuse

10.Alabama

In the first year under Kalen DeBoer, Alabama had its ups and downs while remaining in the mix. The Crimson Tide faced their biggest late challenge with a blowout win over LSU, providing them with a platform to stay on the right side of the CFP bubble the rest of the way.

Upcoming schedule: vs. Mercer, at Oklahoma, vs. Auburn

11. Old Miss

After sitting on the wrong side of the bubble in the first College Football Playoff rankings, Ole Miss jumped into the conversation by eliminating Georgia. Lane Kiffin’s team now appears to be firmly in the race for a playoff spot in the crowded bubble bracket.

Upcoming schedule: vs. Florida, vs. Mississippi State

12. Georgia

The Bulldogs lost to Ole Miss and now fall into the bubble conversation with the rest of the two-loss SEC teams hoping to move into the Top 12. A win-win home game against Tennessee awaits Georgia. now on the bad side of things.

Upcoming schedule: vs. Tennessee, vs. UMass, vs. Georgia Tech

Ranking of the 25 best CFPs

13. Boise State (G5)
14. SMU
15. Texas A&M
16. Kansas State
17. Colorado
18. Washington State
19. Louisville
20. Clemson
21. South Carolina
22. LSU
23.Missouri
24. Army
25. Tulane