1. STATISTICS - a combination of previous year's statistics, plus estimation on possibilities for 2004
2. POSITION - 69 Heisman presentations have yielded trophies to 40 RBs, 23 QBs, 3 WRs, and 3 Defensive players. However, the award has been presented to a QB in 9 of the last 15 years and the past four years in a row. Under this scenario, NationalChamps.net awards points as such: QB = 5 points, RB = 5 points, WR = 3 pts.
3. TEAM SUCCESS - Wins and losses for 2004
4. SENIORITY - Senior = 5 pts., Junior = 4 pts., Sophomore = 3 pts.
5. SCHEDULE/EXPOSURE - difficulty of 2004 opponents and television coverage

A scale of 1-5 is used to rate each component with 5 being the highest. The totals are then weighted and the resulting total displays a percentile basis for winning the Heisman Trophy.