Mississippi State (9-0) is No. 1, but Oregon (8-1) moved up to No. 2 ahead of No. 3 Florida State (9-0). TCU (8-1) is ranked No. 4. Alabama (8-1) and Arizona State (8-1) are the first two teams out.

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Baylor (8-1) and Ohio State (8-1) rounded out the top eight. Auburn (7-2), which held the No. 3 spot before a loss to Texas A&M last week, is the highest-ranked two-loss team.

The four-team playoff begins Jan. 1. Two teams will play in the Rose Bowl at 5 p.m. ET and the other two will face off in the Sugar Bowl at 8:30 p.m. The winners will play in the College Football Playoff National Championship on Jan. 12 at 8:30 p.m. ET. 

The complete CFP selection committee Top 25:

  1. Mississippi State

  2. Oregon

  3. Florida State

4.  TCU

  1.  Alabama

6.  Arizona State

7.  Baylor

  1. Ohio State

  2. Auburn

  3. Ole Miss

11. UCLA

  1. Michigan State

  2. Kansas State

  3. Arizona

  4. Georgia

16. Nebraska

17. LSU

18. Notre Dame

19. Clemson

20. Wisconsin

21. Duke

22. Georgia Tech

  1. Utah

24. Texas A&M

25. Minnesota