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ESPN released their initial 2017 FPI rankings after National Signing Day.
Preseason FPI is designed to take the guesswork out of preseason ratings. It is an automated ranking intended to measure team strength going forward. It is not a ranking of who will have the highest win total (which is dependent on schedule) or who is most likely to make the College Football Playoff.
The model comprises four major components: the last four seasons of performance on offense, defense and special teams, with the most recent season counting most; information on offensive and defensive returning starters, with special consideration given to a team returning its starting quarterback or gaining a transfer quarterback with experience; a four-year average recruiting ranking of four systems (ESPN, Scouts, Rivals and Phil Steele); and head coaching tenure. These four components interact and are assigned different weights depending on the team to produce preseason FPI.
Combining all of the factors above produces a predicted value on offense, defense and special teams, which represents the number of points that each unit would be expected to contribute to the team's scoring margin if it were to face an average FBS team on a neutral field.
Five ACC teams comprise the top 25: #4 Florida State, #7 Clemson, #14 Louisville, #16 Miami and #22 North Carolina State. The Hokies are 31st and West Virginia is #53.