The College Football Playoff Selection Committee released its first set of rankings for the 2016 season, and there are a few developments about these CFP Rankings that we need to discuss.

First of all, these rankings, in the grand scheme of things, don't mean a whole hell of a lot. There is only one set of rankings the CFP will release that actually matter as far as determining which teams will be in the playoff and have a chance to win a national title -- and those go down on Dec. 4.

Having said that, it doesn't mean these rankings don't have any relevance, because they do.

While it might be overkill to release a new set of rankings every week from now until the end of the season, I'm happy we have them just because they give us a window into how the committee is thinking when it comes to ranking teams. Are they more impressed by the resume or the always mysterious "game control?"

The rankings themselves may not mean much, but the process they help expose means a lot.

Having said all that, here are some teams I believe the committee has ranked incorrectly.

No. 12 Penn State -- Overrated

I know a lot of people were probably surprised to see Texas A&M at No. 4 in the initial rankings, but honestly, the biggest eye-raising moment for me was when I saw Penn State at No. 12. What this told me was that the selection committee really appreciated that 24-21 win over Ohio State a few weeks ago, and I respect that. It's a good win, but it's not a win good enough to warrant putting Penn State at No. 12.

Let's look at the rest of the Nittany Lions' resume. Do we just forget about the 39-point loss to Michigan? What about that loss to an unranked 5-3 Pitt team? Do they not count? Because that win over Ohio State is nice and all, but Penn State's next best win after that is what? Temple? Minnesota? Maryland?

Those wins are enough to warrant No. 12? I don't think so.

No. 4 Texas A&M -- Just right

Surprise! I think this ranking is perfect. Now, Washington fans won't want to hear it, but the truth is that if the rankings are based on nothing but what we've seen so far, then I agree with having the Aggies ahead of Washington.

There's nothing Washington could do to avoid this, but wins over Oregon and Stanford just don't carry the same kind of punch that they would have in previous years because Oregon and Stanford just aren't that good this season.

The Aggies, meanwhile, have a win over a top-10 team in Auburn that is better than anything Washington has done, as well as respectable wins over UCLA, Arkansas and Tennessee. The loss hurts, sure, but it was to Alabama. Everyone loses to Alabama.

Now, having said all this, as long as Washington keeps winning, it's going to pass the Aggies and get into the top four. But for right now, this is 100 percent correct.

No. 7 Louisville -- Underrated

As we learned in the Penn State ranking, the committee is loving itself some signature wins this year, and that no doubt explains Louisville's ranking. The Cardinals have that massive 43-point win over a Florida State team ranked No. 22 by the committee, and that's carrying some weight, but only enough to get it to No. 7. And I get it because Louisville's next best win is probably NC State, and NC State isn't very good.

It's just that I remember in the past when the committee talked about this thing called "game control." I'm not sure I ever understood what game control was, nor am I sure the committee knew. It may have just been something it made up to to justify its rankings.

But if game control is a real thing, is there a team outside of Alabama or Michigan that has displayed as much game control as Louisville? The Cards were in trouble this week against Virginia and struggled a little in a weeknight road game against Duke, but they've been dominating teams for nearly the entire season. I don't think this is a team that should be in the top four or anything, but I'd put it in the top six.

No. 11 Florida -- Overrated

This is just some good ol' fashioned, "Well it'll probably be playing in the SEC title game so we better rank it toward the top in case things get crazy," right here. Can we have a serious discussion about Florida, please?

The Gators are 6-1. Good for them. There's nothing to be ashamed of when it comes to that 6-1 record.

But let's take a closer look at those six wins: Massachusetts, Kentucky, North Texas, Vanderbilt, Missouri and Georgia. Which one of those is the best? Which one means anything? And what about that loss? It was a 38-28 loss to a Tennessee team that isn't even ranked by the committee.

So I need to know what it is about the Gators this committee sees that says they're the 11th-best team in the country besides the fact it plays in the SEC and has a top-tier defense.

No. 23 Western Michigan -- Underrated

This one's pretty simple. I understand that Western Michigan hasn't played the same kind of schedule that so many of the Power Five teams have, but it does have a couple of wins over Power Five opponents in Northwestern and Illinois. I just think that if you're going to value conference championships, and teams that win, a Western Michigan team that's the clear favorite in the MAC and could end up at 12-0 should be ranked higher than No. 23.