What advanced metrics say about Ohio State ahead of Big Ten play

COLUMBUS — Ohio State was No. 3 in ESPN’s FPI metric following its season-opening win over Texas to open the season. The Buckeyes stayed at that third spot following the win over Grambling State before moving up to No. 2 after the win over Ohio.
Now the Buckeyes are staying put No. 2 in the ESPN metric. Oregon retained the top spot, while the top five is rounded out by Alabama, Georgia and Texas. Indiana moved into the No. 6 spot after destroying Illinois on Saturday night.
Future Ohio State opponents notably in the top 25: No. 10 Penn State (down three spots) and No. 12 Michigan (down two spots). No. 37 Illinois was at No. 23 prior to Week 4 but fell 14 spots after the blowout loss at Indiana.
A reminder on what FPI is from ESPN: “The Football Power Index (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. FPI represents how many points above or below average a team is. Projected results are based on 20,000 simulations of the rest of the season using FPI, results to date, and the remaining schedule.”
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The Buckeyes are currently still third in the ESPN SP+ ratings behind Oregon and Penn State. They have an offensive rating of 37.5, 13th nationally, to go with an 11.1 defensive rating, second nationally, and a 0.2 special team rating, 12th nationally.
The numbers say Ohio State is currently projected to finish with a record of 10.7-1.7, meaning the model expects the Buckeyes to finish at least 10-2 but is leaning toward an 11-1 record.
Here are the numbers on what ESPN FPI says about Ohio State four weeks into the season with three games and an idle week:
Chance to go undefeated:
Last week: 9.2%
This week: 9.7%
Chance to win the Big Ten
Last week: 25.3%
This week: 22.9%
Chance to make the College Football Playoff:
Last week: 77.4%
This week: 75.9%
Chance to make the national championship game:
Last week: 23.6%
This week: 22.1%
Chance to win the national championship game:
Last week: 13.7%
This week: 12.5%