ESPN's preseason Football Power Index released earlier this spring and sparked near instantaneous widespread reaction on which teams were overrated and how many were underrated based on projected win totals for every program in the FBS ranks. ESPN's FPI is "a measure of team strength that is meant to be the best predictor of a team's performance going forward for the rest of the season", but is no way indicative of how a team will play on any given Saturday.

That's where the analysis part of the equation comes in, where coach effect and other subjective outliers — schedule favorability, for instance — are taken into consideration. There are some teams that jump off the page as being ranked too high and others, with a proven track record of success, that probably deserve the benefit of the doubt during the preseason.

In any given year, there's only nine or 10 teams capable of winning the College Football Playoff and those teams, with all due respect to a few of the up-and-coming Power 5 programs, should be ranked inside the Top 10. In terms of talent and depth, that's where these elites truly separate themselves from the competition, regardless of the challenges that may await during conference play or in one-game, non-league showdowns.

247Sports national college football analyst Brad Crawford has picked 10 teams in ESPN's preseason rankings he feels are being oversold or undervalued nationally heading into the season based on projected win totals. He's not telling you to pick an over-under on one side of the other, but instead making you aware of a few teams that could be over-inflated as we approach opening kickoff.