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Texas gets unimpressive win over Ohio State, what does it mean?

The Buckeyes took the lead with only minutes to go, but a late rally by Texas saved the win and any lasting hope of a national championship.

A loss would have helped Utah. 

A close Texas win doesn't hurt Utah, but it isn't nearly as good.

Can someone still make the case Texas should be ranked ahead of the Utes when the final polls are released? And did the Longhorns doom any chance of splitting the national championship, regardless of what happens Thursday?