The NCAA unveiled the first set of their new rankings, the NCAA Evaluation Tool, or NET rankings.
The NET is the new main factor the NCAA Selection Committee will use to compare and contrast the teams to both selection and seeding for the NCAA Tournament. Yes, it means the RPI is gone.
There are a few factors that go into the NET to determine a team’s rankings. You can find a good primer on it here. It takes into account who you played and where you played them, as well as offensive efficiency, winning percentage and margin of victory (though the formula caps the margin at ten, overtime games at one).