The Pacific Life Holiday Bowl announced today that a record payout was distributed to the teams that participated in the December 27, 2007 football game at Qualcomm Stadium. The Arizona State University Sun Devils and University of Texas Longhorns each received $2,525,479 for participating in the 30th annual contest. The guaranteed per team minimum payout was $2.25 million. Payment was delivered February 29.
The Longhorns defeated the Sun Devils 52-34 before 64,020 fans.
The previous Holiday Bowl high per team payout was in 2006 when the California Golden Bears and Texas A&M Aggies each received $2,334,186. While 2007 payout figures from all licensed NCAA bowl games have not yet been gathered, Holiday Bowl officials believe theirs will rank tenth or eleventh highest of the 32 bowl games.
The Holiday Bowl first surpassed the $1 million per team payout threshold in 1989 (Penn St. and BYU). The $2 million per team payout threshold was first exceeded in 2000 (Oregon and Texas).