I'm not exactly sure how NET rankings work but I'm guessing after losing to Rutgers last night that Ohio State will be a quad 2 team coming in? They were ranked 28th before but they have to remain in the top 30 to stay in that quad 1 since it's a home game.
I'm just curious, not that it matters much at this point in the season. Just pile up the wins and sort this out later. But it's fun to look at.
You are correct, Ohio State will most likely fall to a quadrant 2 after losing to Rutgers. Below is a summary I posted about the NET a while back. The only unknown is what "good team" means in their first portion of the formula.
1. Team Value Index - No clue what actually is involved in their formula to decide what "good teams" are. It sounds similar to #4 but with an unknown element of whatever a "good team" is. Appears it may have a SOS element but it's not defined.
2. Net Efficiency - Simple enough, it's the net margin of efficiency (offense and defense) based on the number of possessions. No SOS element here so same reward for dominating a bad team as it is for dominating a good team.
3. Winning Percentage - In it's simplest form. Again no SOS element here.
4. Adjusted Winning Percentage - Brought in from the RPI, you are rewarded/least punished for road wins/losses the most, then neutral wins/losses, and rewarded the least/punished the most by home wins/losses. No SOS element.
5. Scoring Margin - Again in its simplest terms but capped at 10. Games that go into OT are capped at positive/negative 1. No SOS element so beating a really good team on the road by 10+ and beating a really bad team at home by 10+ is worth the same.
Summary - Unless the information that has been released is inaccurate, there is no SOS element involved outside of maybe #1. The "Team Value Index" term of "good team" is the only unknown. There is no opponent's winning percentage or opponent's opponent winning percentage component involved like the RPI had unless of course this is the "good team" metric mentioned in #1.