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Michigan Wolverines Rank No. 3 in Latest Too-Early Top 25

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The hype around Jim Harbaugh's team is peaking.

Rick Osentoski-USA TODAY Sports

The too-early top 25 lists aren't as too early as they used to be, and the buzz continues building around the Michigan Wolverines as the offseason progresses.

The latest offering comes from ESPN scribe Mark Schlabach, and has Michigan at No. 3, behind only Alabama and Clemson. His post-spring top 25 factors in the results of spring practice, along with any transfers, injuries and suspensions that have taken place since the offseason began.

Here's what he had to say about Jim Harbaugh's team:

2015 record: 10-3, 6-2 Big Ten

Returning starters: 8 offense, 6 defense, 1 special teams

Key losses: C Graham Glasgow, QB Jake Rudock, LB Desmond Morgan, LB Joe Bolden, LB James Ross, FS Jarrod Wilson, DE Willie Henry

Post-spring outlook: In between his Twitter wars with other coaches, recruiting extravaganzas and spring break trips, Michigan coach Jim Harbaugh is quickly building a playoff contender. Houston transfer John O'Korn was thought to be the favorite to take over at quarterback, but sophomore Wilson Speight seems to have the edge heading into the summer. New defensive coordinator Don Brown is experimenting with star Jabrill Peppers at safety and linebacker.

Should Michigan actually finish the season at No. 3, they'd be Big Ten champions and enter the College Football Playoff. But let's not get ahead of ourselves.

Notre Dame weighs in at No. 9, Ohio State is No. 10, Michigan State is No. 16 and Iowa is No. 23.