2006 Reward Ranking (before bowl games)
| Rank | Name | W | L | Reward | AP | ESPN/USA Today |
| 1 | OhioState | 12 | 0 | 9.5439 | 1 | 1 |
| 2 | Florida | 12 | 1 | 9.1275 | 2 | 2 |
| 3 | BoiseSt | 12 | 0 | 8.3817 | 9 | 9 |
| 4 | Michigan | 11 | 1 | 8.3682 | 3 | 3 |
| 5 | Auburn | 10 | 2 | 8.2105 | 10 | 10 |
| 6 | SouthernCal | 10 | 2 | 7.9830 | 8 | 7 |
| 7 | Louisville | 11 | 1 | 7.8308 | 5 | 6 |
| 8 | LSU | 10 | 2 | 7.6636 | 4 | 4 |
| 9 | Arkansas | 10 | 3 | 6.9571 | 12 | 13 |
| 10 | NotreDame | 10 | 2 | 6.9434 | 11 | 11 |
| 11 | Rutgers | 10 | 2 | 6.8920 | 16 | 17 |
| 12 | Tennessee | 9 | 3 | 6.5975 | 17 | 18 |
| 13 | WestVirginia | 10 | 2 | 6.5630 | 13 | 12 |
| 14 | California | 9 | 3 | 6.4667 | 20 | 19 |
| 15 | Wisconsin | 11 | 1 | 6.4561 | 6 | 5 |
| 16 | VirginiaTech | 10 | 2 | 6.2941 | 14 | 14 |
| 17 | Oklahoma | 11 | 2 | 6.2182 | 7 | 8 |
| 18 | WakeForest | 11 | 2 | 6.0361 | 15 | 15 |
| 19 | OregonSt | 9 | 4 | 5.9311 | 24 | 25T |
| 20 | Texas | 9 | 3 | 5.6398 | 18 | 16 |
| 21 | BrighamYoung | 10 | 2 | 5.1655 | 19 | 20 |
| 22 | BostonCollege | 9 | 3 | 4.9754 | 23 | 23 |
| 23 | TexasA&M | 9 | 3 | 4.9176 | 21 | 21 |
| 24 | Georgia | 8 | 4 | 4.8306 | 26 | 29 |
| 25 | UCLA | 7 | 5 | 4.7929 | 35 | NR |
| 26 | Oregon | 7 | 5 | 4.3206 | NR | NR |
| 27 | GeorgiaTech | 9 | 4 | 4.2295 | 27 | 25T |
| 28 | Nebraska | 9 | 4 | 4.1324 | 22 | 22 |
| 29 | Clemson | 8 | 4 | 4.1069 | NR | 30 |
| 30 | TCU | 10 | 2 | 4.0438 | 25 | 24 |
| 31 | Hawaii | 10 | 3 | 3.9547 | 28 | 28 |
| 32 | SouthFlorida | 8 | 4 | 3.9238 | 32 | NR |
| 33 | ArizonaSt | 7 | 5 | 3.7345 | NR | NR |
| 34 | Maryland | 8 | 4 | 3.5896 | 31 | 34 |
| 35 | PennState | 8 | 4 | 3.5297 | 30 | 31 |
| 36 | Cincinnati | 7 | 5 | 3.5078 | ||
| 37 | Houston | 10 | 3 | 3.4780 | ||
| 38 | SouthCarolina | 7 | 5 | 3.4768 | ||
| 39 | Kentucky | 7 | 5 | 3.4260 | ||
| 40 | Arizona | 6 | 6 | 3.3879 | ||
| 41 | Navy | 9 | 3 | 3.3686 | ||
| 42 | WashingtonSt | 6 | 6 | 3.1546 | ||
| 43 | Missouri | 8 | 4 | 2.8773 | ||
| 44 | Tulsa | 8 | 4 | 2.7162 | ||
| 45 | CentralMichigan | 9 | 4 | 2.2386 | ||
| 46 | KansasSt | 7 | 5 | 2.2243 | ||
| 47 | TexasTech | 7 | 5 | 2.1548 | ||
| 48 | SouthernMiss | 8 | 5 | 2.0353 | ||
| 49 | Nevada | 8 | 4 | 2.0269 | ||
| 50 | Alabama | 6 | 6 | 1.9022 | ||
| 51 | Purdue | 8 | 5 | 1.8181 | ||
| 52 | Washington | 5 | 7 | 1.7855 | ||
| 53 | Rice | 7 | 5 | 1.6721 | ||
| 54 | SanJoseSt | 8 | 4 | 1.5808 | ||
| 55 | OhioU. | 9 | 4 | 1.5063 | ||
| 56 | MiamiFL | 6 | 6 | 1.3950 | ||
| 57 | Utah | 7 | 5 | 1.3932 |