The College Football Playoff committee, which will pick the four teams in this year's playoff, released its third Top 25 rankings Tuesday.
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
5. Alabama
6. Arizona State
7. Baylor
8. Ohio State
9. Auburn
10. Ole Miss
11. UCLA
12. Michigan State
13. Kansas State
14. Arizona
15. Georgia
16. Nebraska
17. LSU
18. Notre Dame
19. Clemson
20. Wisconsin
21. Duke
22. Georgia Tech
23. Utah
24. Texas A&M
25. Minnesota
