1992 Reward Ranking (after bowl games)
| Rank | Name | W | L | T | Reward | AP | ESPN/USA Today |
| 1 | Alabama | 13 | 0 | 0 | 8.3134 | 1 | 1 |
| 2 | Miami(Florida) | 11 | 1 | 0 | 7.4978 | 3 | 3 |
| 3 | FloridaState | 11 | 1 | 0 | 6.8370 | 2 | 2 |
| 4 | NotreDame | 10 | 1 | 1 | 6.4165 | 4 | 4 |
| 5 | TexasA&M | 12 | 1 | 0 | 6.3189 | 7 | 6 |
| 6 | Michigan | 9 | 0 | 3 | 5.9580 | 5 | 5 |
| 7 | Georgia | 10 | 2 | 0 | 5.2243 | 8 | 8 |
| 8 | Syracuse | 10 | 2 | 0 | 5.0437 | 6 | 7 |
| 9 | Stanford | 10 | 3 | 0 | 4.9759 | 9 | 9 |
| 10 | Washington | 9 | 3 | 0 | 4.7570 | 11 | 10 |
| 11 | Tennessee | 9 | 3 | 0 | 4.3599 | 12 | 12 |
| 12 | WashingtonState | 9 | 3 | 0 | 4.3462 | 15 | 17 |
| 13 | Hawaii | 11 | 2 | 0 | 4.0070 | 20 | 20 |
| 14 | Nebraska | 9 | 3 | 0 | 3.7650 | 14 | 14 |
| 15 | Florida | 9 | 4 | 0 | 3.7570 | 10 | 11 |
| 16 | NorthCarolina | 9 | 3 | 0 | 3.7381 | 19 | 18 |
| 17 | Colorado | 9 | 2 | 1 | 3.7171 | 13 | 13 |
| 18 | NorthCarolinaState | 9 | 3 | 1 | 3.5437 | 17 | 15 |
| 19 | Mississippi | 9 | 3 | 0 | 3.4850 | 16 | 16 |
| 20 | OhioState | 8 | 3 | 1 | 3.4371 | 18 | 19 |
| 21 | BowlingGreenState | 10 | 2 | 0 | 3.0196 | 27 | 28 |
| 22 | BostonCollege | 8 | 3 | 1 | 2.8937 | 21 | 21 |
| 23 | WakeForest | 8 | 4 | 0 | 2.5547 | 25 | 25 |
| 24 | Arizona | 6 | 5 | 1 | 2.4443 | 29 | 27 |
| 25 | Virginia | 7 | 4 | 0 | 2.4262 | 32T | 34 |
| 26 | SouthernCalifornia | 6 | 5 | 1 | 2.3145 | 32T | 32 |
| 27 | FresnoState | 9 | 4 | 0 | 2.1510 | 24 | 22 |
| 28 | Oregon | 6 | 6 | 0 | 1.9006 | NR | NR |
| 29 | MississippiState | 7 | 5 | 0 | 1.7985 | 23 | 26 |
| 30 | ArizonaState | 6 | 5 | 0 | 1.7178 | ||
| 31 | UCLA | 6 | 5 | 0 | 1.6881 | ||
| 32 | Kansas | 8 | 4 | 0 | 1.6255 | ||
| 33 | Auburn | 5 | 5 | 1 | 1.5740 | ||
| 34 | PennState | 7 | 5 | 0 | 1.4738 | ||
| 35 | SouthernMississippi | 7 | 4 | 0 | 1.4653 | ||
| 36 | GeorgiaTech | 5 | 6 | 0 | 1.4042 | ||
| 37 | Toledo | 8 | 3 | 0 | 1.3650 | ||
| 38 | BrighamYoung | 8 | 5 | 0 | 1.3033 | ||
| 39 | SouthCarolina | 5 | 6 | 0 | 1.2737 | ||
| 40 | SanDiegoState | 5 | 5 | 1 | 1.2320 | ||
| 41 | Rutgers | 7 | 4 | 0 | 1.0969 | ||
| 42 | WestVirginia | 5 | 4 | 2 | 1.0901 | ||
| 43 | Oklahoma | 5 | 4 | 2 | 1.0474 | ||
| 44 | Clemson | 5 | 6 | 0 | 0.9980 | ||
| 45 | Baylor | 7 | 5 | 0 | 0.9544 | ||
| 46 | Texas | 6 | 5 | 0 | 0.7041 | ||
| 47 | WesternMichigan | 7 | 3 | 1 | 0.6473 | ||
| 48 | Wisconsin | 5 | 6 | 0 | 0.6276 | ||
| 49 | SanJoseState | 7 | 4 | 0 | 0.6132 | ||
| 50 | Illinois | 6 | 5 | 1 |