The initial reveal of the College Football Playoff Top 25 last week set the tone for the postseason race, which quickly took a turn after several setbacks. Now the latest snapshot of what the selection committee believes about the competing teams is becoming clear as the rankings change and the paths shift.

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

For those reasons, the College Football Playoff Top 25 doesn’t necessarily reflect the final bracket.

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

1. Oregon (Big Ten)

The Ducks lead the way for undefeated teams with just four remaining, and are coming off the toughest schedule of that 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 shifted.

Upcoming schedule: at Wisconsin, vs. Washington

2. Ohio State

After being among the top Big Ten contenders coming into the season, Ohio State suffered a road loss to Oregon but bounced back with a road win against Penn State. They remain alive in the hunt for the Big Ten championship and a first-round bye with two big games remaining.

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 pile in the SEC with a chance to earn a first-round bye.

Upcoming schedule: at Arkansas, vs. Kentucky, at Texas A&M

4. Penn State

After starting the season 7-0, Penn State lost a home game to Ohio State that could have set the stage for an appearance in the Big Ten title game. With one rebound win under their belt, the remainder of the schedule still provides James Franklin’s team with a path to their first CFP appearance.

Upcoming schedule: at Purdue, at Minnesota, vs. Maryland

5.Indiana

The surprising story of college football: First-year coach Curt Cignetti has made good on his promise to win at Indiana by entering the final month undefeated. The Hoosiers sit atop the Big Ten standings alongside Oregon as they control their own destiny in a matchup against Ohio State. Another test was also passed with ease on Saturday against Michigan.

Upcoming schedule: at Ohio State, vs. Purdue

6. BYU (Big 12)

BYU, the top team in the Big 12, remains undefeated thanks to a nail-biting rivalry victory over Utah. The Cougars already have a win over 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 multiple SEC games with wins, including a rivalry win over Alabama, the Volunteers have overcome the road loss to Arkansas and reasserted themselves in the SEC conversation. A win-or-go-home type game against Georgia now tops college football’s list as all eyes turn to the loser’s resume.

Upcoming schedule: at Georgia, vs. UTEP, at Vanderbilt

8. Notre Dame

Despite an early loss to Northern Illinois, Notre Dame took advantage of its chances to remain a CFP candidate by knocking off Texas A&M, Louisville and Navy. Marcus Freeman’s side have the chance to take the lead and claim one of the big spots.

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

9. Miami (ACC)

Miami fell victim to an upset against Georgia Tech, which removed them from the undefeated ranks and raised serious questions about the strength of the schedule. The Hurricanes – along with the rest of the ACC – now appear to be on thin ice in the playoff race.

Upcoming schedule: vs. Wake Forest, Syracuse

10. Alabama

In its first year under Kalen DeBoer, Alabama has had its ups and downs while still staying in the mix. The Crimson Tide overcame their biggest late challenge with a blowout win over LSU, giving them a platform to stay on the right side of the CFP bubble for the long haul.

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

11. Ole ma’am

After being on the wrong side of the bubble in the first College Football Playoff rankings, Ole Miss jumped into the conversation by knocking off Georgia. Lane Kiffin’s team now appears to be firmly in the running for a postseason spot in the crowded bubble picture.

Upcoming schedule: vs. Florida, vs. Mississippi State

12. Georgia

Coming off a loss to Ole Miss, the Bulldogs now find themselves in a two-loss bubble conversation with the rest of the SEC teams in hopes of positioning themselves in the Top 12. Georgia faces a win-or-go-home game at home against Tennessee. now on the wrong side of things.

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

CFP Top 25 Rankings

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