Final OAF ranking (& ratings) for the 1974 college football season:
| Rank | Team Name | Rating | Record | AP | UPI | Bowl Game Results |
| 1 | OKLAHOMA | 124.6192 | 11-0 | 1 | Probation | No Bowl Game |
| 2 | MICHIGAN | 79.0748 | 10-1 | 3 | 5 | No Bowl Game |
| 3 | USC | 76.0846 | 10-1-1 | 2 | 1 | Beat Ohio State 18-17 |
| 4 | OHIO STATE | 75.4596 | 10-2 | 4 | 3 | Lost to USC |
| 5 | MICHIGAN STATE | 75.1961 | 7-3-1 | 12 | 18 | No Bowl Game |
| 6 | NOTRE DAME | 74.0395 | 10-2 | 6 | 4 | Beat Alabama 13-11 |
| 7 | ALABAMA | 73.4145 | 11-1 | 5 | 2 | Lost to Notre Dame |
| 8 | NEBRASKA | 69.7934 | 9-3 | 9 | 8 | Beat Florida 13-10 |
| 9 | WISCONSIN | 66.4747 | 7-4 | NR | NR | No Bowl Game |
| 10 | AUBURN | 64.4996 | 10-2 | 8 | 6 | Beat Texas 27-3 |
| 11 | TEXAS | 63.6288 | 8-4 | 17 | NR | Lost to Auburn |
| 12 | PENN STATE | 62.5793 | 10-2 | 7 | 7 | Beat Baylor 41-20 |
| 13 | TEXAS A+M | 62.1726 | 8-3 | 16 | 15 | No Bowl Game |
| 14 | MISSOURI | 62.0357 | 7-4 | NR | NR | No Bowl Game |
| 15 | BAYLOR | 61.9543 | 8-4 | 14 | 14 | Lost to Penn State |
| 16 | ARKANSAS | 59.6663 | 6-4-1 | NR | NR | No Bowl Game |
| 17 | TENNESSEE | 59.0719 | 7-3-2 | 20 | 15 | Beat Maryland 7-3 |
| 18 | MARYLAND | 58.4469 | 8-4 | 13 | 13 | Lost to Tennessee |
| 19 | SMU | 57.7984 | ||||
| 20 | MISSISSIPPI STATE | 57.4659 | ||||
| 21 | OKLAHOMA STATE | 57.4257 | ||||
| 22 | CLEMSON | 56.5911 | ||||
| 23 | CALIFORNIA | 55.7746 | ||||
| 24 | NORTH CAROLINA STATE | 55.3743 | ||||
| 25 | MIAMI (O) | 55.3520 | ||||
| 26 | FLORIDA | 54.7864 | ||||
| 27 | ILLINOIS | 54.3464 | ||||
| 28 | GEORGIA TECH | 54.2122 | ||||
| 29 | KENTUCKY | 54.0241 | ||||
| 30 | GEORGIA | 53.9469 | ||||
| 31 | STANFORD | 53.7956 | ||||
| 32 | PITTSBURGH | 53.3357 | ||||
| 33 | COLORADO | 53.2848 | ||||
| 34 | VANDERBILT | 53.1306 | ||||
| 35 | UCLA | 52.6510 | ||||
| 36 | TEXAS TECH | 52.5056 | ||||
| 37 | PURDUE | 52.2055 | ||||
| 38 | NORTH CAROLINA | 51.3298 | ||||
| 39 | DUKE | 50.7329 | ||||
| 40 | LSU | 49.9313 | ||||
| 41 | IOWA STATE | 49.8880 | ||||
| 42 | KANSAS STATE | 49.7351 | ||||
| 43 | HOUSTON | 49.7079 | ||||
| 44 | BOSTON COLLEGE | 49.6848 | ||||
| 45 | KANSAS | 49.1835 | ||||
| 46 | IOWA | 48.5301 | ||||
| 47 | TULSA | 48.0618 | ||||
| 48 | RICE | 47.7709 | ||||
| 49 | WASHINGTON | 46.8243 | ||||
| 50 | MINNESOTA | 46.0792 | ||||
| 51 | SOUTH CAROLINA | 44.5380 | ||||
| 52 | CINCINNATI | 44.4775 | ||||
| 53 | TEMPLE | 44.3450 | ||||
| 54 | NORTHWESTERN | 43.8251 | ||||
| 55 | MEMPHIS STATE | 43.6547 | ||||
| 56 | OREGON STATE | 42.1449 | ||||
| 57 | MIAMI (F) | 42.0576 | ||||
| 58 | LAMAR | 40.5003 | ||||
| 59 | WEST VIRGINIA | 40.3076 | ||||
| 60 | ARIZONA | 39.9931 | ||||
| 61 | MISSISSIPPI | 39.7573 | ||||
| 62 | INDIANA | 39.5407 | ||||
| 63 | VIRGINIA TECH | 39.3747 | ||||
| 64 | VIRGINIA | 39.1846 | ||||
| 65 | TULANE | 39.0838 | ||||
| 66 | BYU | 38.7931 | ||||
| 67 | ARIZONA STATE | 38.4952 | ||||
| 68 | SAN JOSE STATE | 38.3172 | ||||
| 69 | SAN DIEGO STATE | 38.2341 | ||||
| 70 | SYRACUSE | 37.7715 | ||||
| 71 | HAWAII | 37.0237 | ||||
| 72 | BGU | 36.7682 | ||||
| 73 | APPALACHIAN STATE | 36.4247 | ||||
| 74 | SOUTHERN MISSISSIPPI | 36.3357 | ||||
| 75 | NAVY | 36.3076 | ||||
| 76 | UTAH STATE | 36.1542 | ||||
| 77 | VMI | 35.9195 | ||||
| 78 | KENT STATE | 35.5103 | ||||
| 79 | EAST CAROLINA | 35.2945 | ||||
| 80 | WASHINGTON STATE | 34.7908 | ||||
| 81 | OHIOU | 34.6962 | ||||
| 82 | YALE | 34.5266 | ||||
| 83 | HARVARD | 34.1874 | ||||
| 84 | TOLEDO | 33.8111 | ||||
| 85 | RICHMOND | 33.7476 | ||||
| 86 | COLORADO STATE | 33.6652 | ||||
| 87 | FLORIDA STATE | 33.5649 | ||||
| 88 | WILLIAM&MARY | 33.3058 | ||||
| 89 | RUTGERS | 33.1004 | ||||
| 90 | TCU | 32.6393 | ||||
| 91 | CITADEL | 32.3773 | ||||
| 92 | PACIFIC | 32.2801 | ||||
| 93 | TAMPA | 31.3340 | ||||
| 94 | WAKE FOREST | 31.0812 | ||||
| 95 | BROWN | 30.8332 | ||||
| 96 | LOUISVILLE | 30.7046 | ||||
| 97 | FURMAN | 30.4562 | ||||
| 98 | LONG BEACH | 30.1222 | ||||
| 99 | WEST TEXAS STATE | 30.0814 | ||||
| 100 | ARMY | 28.9790 | ||||
| 101 | FRESNO STATE | 28.5972 | ||||
| 102 | NORTHERN ILLINOIS | 27.4299 | ||||
| 103 | OREGON | 27.3508 | ||||
| 104 | PENNSYLVANIA | 26.3365 | ||||
| 105 | WESTERN MICHIGAN | 25.5761 | ||||
| 106 | HOLY CROSS | 25.4229 | ||||
| 107 | PRINCETON | 25.3615 | ||||
| 108 | DARTMOUTH | 24.9481 | ||||
| 109 | VILLANOVA | 24.8824 | ||||
| 110 | NEW MEXICO | 24.1675 | ||||
| 111 | DRAKE | 23.4715 | ||||
| 112 | NORTH TEXAS STATE | 23.2925 | ||||
| 113 | WICHITA STATE | 23.2056 | ||||
| 114 | AIR FORCE | 22.9709 | ||||
| 115 | NEW MEXICO STATE | 22.1676 | ||||
| 116 | DAYTON | 20.0647 | ||||
| 117 | DAVIDSON | 19.9562 | ||||
| 118 | UTEP | 19.9162 | ||||
| 119 | SOUTHERN ILLINOIS | 19.2664 | ||||
| 120 | COLGATE | 18.6947 | ||||
| 121 | CORNELL | 18.0016 | ||||
| 122 | WYOMING | 13.6695 | ||||
| 123 | UTAH | 11.9727 | ||||
| 124 | UTARLINGTON | 11.6328 | ||||
| 125 | SWLOUISIANA | 11.0896 | ||||
| 126 | IDAHO | 4.8237 | ||||
| 127 | MARSHALL | 4.0524 | ||||
| 128 | COLUMBIA | -14.8400 |
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