I think tiers is better than a power rating for so many teams, especially early in the season.
Title contenders - tOSU
Playoff contenders - Penn St, USC, Oregon
Top 25 teams - Michigan, Nebraska, Iowa
Bowl teams - Illinois, Indiana, Rutgers, Washington, Wisconsin, Purdue, Maryland
Losing teams - UCLA, Minnesota, Northwestern, Michigan St
Title contenders - tOSU
Playoff contenders - Penn St, USC, Oregon
Top 25 teams - Michigan, Nebraska, Iowa
Bowl teams - Illinois, Indiana, Rutgers, Washington, Wisconsin, Purdue, Maryland
Losing teams - UCLA, Minnesota, Northwestern, Michigan St