http://espn.go.com/college-football/rankings
They aren't eligible to be ranked in the Coaches' Poll, and they won't be eligible to be ranked in the BCS when that comes out in a few weeks.
They could go 12-0, win their division and be ranked #1 by the AP and it would have absolutely zero effect on the BCS rankings and our ability to crack the Top 12/16.
It would actually help us if they keep winning these B1G games against the contenders in the conference. As much as I hate to admit it, I was rooting for them today, and will be rooting for them against Nebraska, Wisconsin and Michigan. That way, whoever does win the B1G will be ranked ranked pretty low, maybe even lower than the Big East Champ.