re: Why is the B1G considered so relevant?

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2004 USC is Vacated just like LSU’s 2015 Texas Bowl.

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2004 USC were still AP national champions and that trophy was was never vacated.

It's very similar to the 1974 Oklahoma Sooners who were on probation, couldn't play in the postseason, or be ranked in the Coaches Poll. They finished 11-0 and #1 in the AP that season.

Same thing happened to Auburn in 1957. They were undefeated, on probation, couldn't be ranked in the Coaches Poll, but still finished the season as AP national champions.