No, the national runner up does not automatically get the #2 spot in the poll each year, so it's great to see us finish the season ranked so high. Another indicator of the respect Beilein commands from his peers. I don't think the AP poll comes out after the season, so we will end up #7 on that. Both will significantly help us in the Director's Cup as it weights several revenue sports more heavily.
AFAIK, we have only been ranked #1 for one week in Beilein's tenure (in 12-13). Congrats to the maize and blue on a great season!
Also of note:
UVA #5, Loyola #7, Purdue #9, MSU #11, OSU #21