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If it were a 3 score+ blowout result, I could see Michigan dropping just out of the top 25, but since it was a close loss to a team that's actually not bad at all, I think they manage to hold onto a 20-25 spot.
Washington wasn't going to have nearly as good of a season as last year's magical season, but they're still going to be a bowl team, even if they lose all of their games to the ranked guys left on their schedule (Indiana, USC, Penn State, Oregon).
It will be the third loss that knocks them out.
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