Below are my final SP+ projections for the 2023 college football season. As
covered in previous pieces, these are based on three primary factors: returning production (final rankings for which you can find at the bottom of this piece), recent recruiting and recent history. How good have you been recently? Whom do you have coming back? How good are the players replacing those you don't have coming back? That's loosely what we ask when we're setting expectations for a team; it's also what these projections attempt to do objectively, albeit with recent formula changes to account for college football's transfer explosion.
As always: SP+ is a tempo- and opponent-adjusted measure of college football efficiency. It is a predictive measure of the most sustainable and predictable aspects of football, not a résumé ranking, and, along those same lines, these projections aren't intended to be a guess at what the AP Top 25 will look like at the end of the year. These are simply early offseason power rankings based on the information we have been able to gather to date.