This is a collection of various advanced methods of evaluating the broad landscape of college basketball.
One of the newest ways to rank college teams is ESPN’s BPI, not to be confused with RPI, as explained here:
Strength of schedule is more important in college basketball than arguably any other sport. With 351 teams and 32 Division I conferences, it is necessary to measure a team’s overall and nonconference schedule difficulty to evaluate a team’s résumé.
Unlike RPI, which measures the strength of schedule purely by opponent W-L record, BPI’s strength of schedule factors in every variable that is included in its game predictions. Most notably, an 11-2 team from the ACC is not treated the same as one from a mid-major conference, and the site of the game matters. Winning on the road in college basketball is tough, and BPI’s SOS rankings reflect that.