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Vegas handicappers rank all 32 NFL teams: Seattle drops from No. 1

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LAS VEGAS -- After the first week of the 2016 NFL season, the Green Bay Packers and Pittsburgh Steelers are tied for the top spot in the NFL Vegas Rankings.

The Seattle Seahawks were our No. 1 team heading into the season, but they never came close to covering as 10.5-point home favorites in their 12-10 win over the Miami Dolphins. That lackluster performance caused our panel to drop the Seahawks' power rating by 2 full points and paved the way for the Packers and Steelers to ascend to the top spot.

The Packers held off the Jacksonville Jaguars 27-23, covering after closing as 3.5-point road favorites, though they didn't cover against higher earlier numbers. Still, our panel saw enough to raise their power rating by half a point. The Steelers routed the Washington Redskins 38-16 on Monday Night Football and earned a 1.5-point increase from our panel to catch the Packers for the top spot.

Here's a look at where all 32 teams rank, which ones made the biggest moves up and down and some Week 2 value plays using this week's power ratings:

Note: The NFL Vegas Rankings are compiled by taking the average of the power ratings of ESPN Chalk handicappers, including Erin Rynning, yours truly and ESPN's Football Power Index, and are used to compare two teams as if they were to meet on a neutral field (after which most teams get 2.5 points for home-field advantage) and can be used to compare to the current point spread.