Remember the vast majority of AP voters turned in their votes BEFORE the Orange Bowl was even played.
Michigan, 1997
In a year in which Michigan's Charles Woodson won a controversial Heisman vote over Tennessee's Peyton Manning, the Wolverines were voted No. 1 by the AP Poll over an undefeated Nebraska juggernaut, which won the ESPN/USA Today national title.
In the usually tough Big Ten, Michigan ended up being the only conference member to finish in the top 10 of the final AP rankings. Arguably, their best three wins were against Ohio State, Penn State, and Wisconsin, teams that got beaten handily by SEC teams in their bowl games.
Why does it matter that they got beat by opponents from the SEC? Because co-national champion Nebraska steamrolled SEC champion Tennessee in the Orange Bowl, 42-17. Meanwhile, Michigan was scraping by outmatched Washington State in the Rose, 21-16.
Had Michigan and Nebraska played a game for all the marbles, it is likely that the Cornhuskers would've been favored and, as most experts agreed at the time, the Huskers probably would've won the game handily.