This weekend, Michigan debunked the myth that a late-season loss must be deadly.

Even though the Wolverines lost their regular-season finale 41-38 to No. 1 Ohio State on Saturday, they still are in the hunt for a berth to the National Championship game.

Michigan stayed put as the No. 2 team in the BCS standings, which were released on Sunday.

Behind the Wolverines, whose BCS average is .9263, is Southern Cal (.9188).

Southern Cal (9-1) plays Notre Dame (No. 5 in the BCS, No. 6 in AP and ESPN/USA Today) on Saturday at home.

The Wolverines' regular season is over after finishing with an 11-1 record.

Michigan is also still No. 2 in the AP poll, with Southern Cal close behind at No. 3.

The ESPN/USA Today poll is the opposite. Southern Cal grabbed the No. 2 spot on the heels of its 14-point victory against then-No. 17 California. Michigan dropped to No. 3 in that poll.

The Wolverines trail Southern Cal by 16 points in the ESPN/USA Today poll, while they lead the Trojans by nine points in the AP poll.

Following Saturday's loss, most Wolverine players stayed tight-lipped in terms of their opinion of the rankings.

"Whatever the polls say, we'll go with it," junior quarterback Chad Henne said. "But if we get that rematch, we'll definitely be up for it."

Senior defensive end LaMarr Woodley agreed, and said the polls wouldn't have been an issue if the team got it done of the field Saturday.

"We lost today and we put ourselves in that situation and we have to sit back and wait," Woodley said. "You know, if we would have won, we knew right away where we were going to be playing and what day. All we can do is sit back and wait now."

Florida is fourth in the BCS standings with a .8838 average. Notre Dame and Arkansas follow at fifth and sixth, respectively, but are a full tenth of a point behind the Wolverines.

Arkansas, who is No. 6 in the BCS and No. 5 in both the AP and ESPN/USA Today polls, faces off against No. 4 Florida in two weeks for the Southeastern Conference Championship.