1992 Reward Ranking (before bowl games)
| Rank | Name | W | L | T | Reward | AP | ESPN/USA Today |
| 1 | Miami(Florida) | 11 | 0 | 0 | 8.7452 | 1 | 1 |
| 2 | TexasA&M | 12 | 0 | 0 | 7.7280 | 4 | 3 |
| 3 | Alabama | 12 | 0 | 0 | 7.5959 | 2 | 2 |
| 4 | FloridaState | 10 | 1 | 0 | 6.9090 | 3 | 4 |
| 5 | Washington | 9 | 2 | 0 | 6.7834 | 9 | 11 |
| 6 | NotreDame | 9 | 1 | 1 | 6.7279 | 5 | 5 |
| 7 | Stanford | 9 | 3 | 0 | 5.8804 | 13 | 13 |
| 8 | WashingtonState | 8 | 3 | 0 | 5.5966 | 18 | 18 |
| 9 | Nebraska | 9 | 2 | 0 | 5.3144 | 11 | 10 |
| 10 | Michigan | 8 | 0 | 3 | 5.2799 | 7 | 7 |
| 11 | Syracuse | 9 | 2 | 0 | 5.2165 | 6 | 9 |
| 12 | Hawaii | 10 | 2 | 0 | 4.8830 | 26 | 24 |
| 13 | Georgia | 9 | 2 | 0 | 4.8203 | 8 | 8 |
| 14 | Colorado | 9 | 1 | 1 | 4.8163 | 10 | 6 |
| 15 | OhioState | 8 | 2 | 1 | 4.7226 | 15 | 14 |
| 16 | NorthCarolinaState | 9 | 2 | 1 | 4.4484 | 12 | 12 |
| 17 | Arizona | 6 | 4 | 1 | 4.1941 | 22 | 22 |
| 18 | BostonCollege | 8 | 2 | 1 | 4.1712 | 16 | 16 |
| 19 | Tennessee | 8 | 3 | 0 | 4.1025 | 17 | 17 |
| 20 | SouthernCalifornia | 6 | 4 | 1 | 4.0146 | 23 | 25 |
| 21 | NorthCarolina | 8 | 3 | 0 | 3.6434 | 19 | 20 |
| 22 | Mississippi | 8 | 3 | 0 | 3.5692 | 20 | 19 |
| 23 | Florida | 8 | 4 | 0 | 3.5317 | 14 | 15 |
| 24 | BowlingGreenState | 9 | 2 | 0 | 3.3443 | 27 | 30 |
| 25 | Oregon | 6 | 5 | 0 | 3.0469 | ||
| 26 | ArizonaState | 6 | 5 | 0 | 2.8750 | ||
| 27 | BrighamYoung | 8 | 4 | 0 | 2.8346 | ||
| 28 | UCLA | 6 | 5 | 0 | 2.8207 | ||
| 29 | MississippiState | 7 | 4 | 0 | 2.7804 | ||
| 30 | PennState | 7 | 4 | 0 | 2.6367 | ||
| 31 | Virginia | 7 | 4 | 0 | 2.4760 | ||
| 32 | WakeForest | 7 | 4 | 0 | 2.3375 | ||
| 33 | FresnoState | 8 | 4 | 0 | 2.1969 | ||
| 34 | SanDiegoState | 5 | 5 | 1 | 1.9193 | ||
| 35 | Kansas | 7 | 4 | 0 | 1.7863 | ||
| 36 | AirForce | 7 | 4 | 0 | 1.7217 | ||
| 37 | Oklahoma | 5 | 4 | 2 | 1.6746 | ||
| 38 | Illinois | 6 | 4 | 1 | 1.6495 | ||
| 39 | Toledo | 8 | 3 | 0 | 1.6391 | ||
| 40 | Auburn | 5 | 5 | 1 | 1.6016 | ||
| 41 | SouthernMississippi | 7 | 4 | 0 | 1.5505 | ||
| 42 | GeorgiaTech | 5 | 6 | 0 | 1.5386 | ||
| 43 | WestVirginia | 5 | 4 | 2 | 1.5088 | ||
| 44 | Rutgers | 7 | 4 | 0 | 1.4456 | ||
| 45 | SouthCarolina | 5 | 6 | 0 | 1.2399 | ||
| 46 | SanJoseState | 7 | 4 | 0 | 1.2138 | ||
| 47 | Wisconsin | 5 | 6 | 0 | 1.1749 | ||
| 48 | Texas | 6 | 5 | 0 | 1.1270 | ||
| 49 | California | 4 | 7 | 0 | 1.1147 | ||
| 50 | Clemson | 5 |