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Record: 110-42 (14 wins from 2004-2005 vacated by NCAA)
BCS track record: 5-1 in BCS bowls, 2003 AP champions, 2004 BCS National Champions (eventually vacated)
The USC Trojans dominated like no other college football team in the first 13 years of the BCS era.
So why are they No. 2?
Simply because, when it's all said and done, they never got to win a legitimate BCS National Championship.
From 2002-2008, the Trojans played in seven BCS bowls, including two BCS title games, and they won the BCS title in 2004.
They had a 6-1 record in those BCS bowls, the only loss in the 2005 national title game against Texas. They also had two Heisman Trophy winners in Matt Leinart and Reggie Bush.
A year ago, Southern Cal would easily be No. 1.
But then the NCAA came. Legendary USC running back Reggie Bush, who played from 2003-2005, was discovered to have received illegal benefits while playing.
Bush lost his Heisman. Southern Cal was forced to vacate two wins from 2004, including the BCS National Championship rout over Oklahoma, and all 12 wins from the 2005 regular season.
Also, the Trojans were slapped with harsh punishments, such as a massive loss of scholarships and a two-year bowl ban.
It's a shame off-the-field issues keep Southern Cal from being the top dog on this list.
However, even with the vacated wins, they still won 110 games. Also, in 2003, they did win the AP National Championship despite not playing in the BCS National Title Game, and seeing as this was before any violations occurred, then you can legitimately say the Trojans have a national title to their name in the BCS era.
Still, they don't have a crystal ball. They had one, but they lost it.