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Preseason BPI rankings like Michigan State, skeptical about Memphis

Michigan State is a favorite, but not the only favorite.

The Spartans, recently placed atop the preseason AP poll, have a 9% chance to win the national title according to ESPN's Basketball Power Index, but that's tied for the most with a somewhat surprising second team: Florida.

The Spartans and Gators rank No. 1 and No. 2 in BPI's preseason rankings, released Friday. And in terms of chances win it all, they're the co-favorites.

For the unfamiliar, BPI is our quantitative model that rates every D-I basketball team and projects the entire season, from November straight through the Final Four.