Record: 70-81, .464 W-L% (9th of 12) (Schedule and Results)
SRS: -3.78 (9th of 12) ▪ SOS: -2.30 (9th of 12)
Division Champions: Southern Mississippi (East) and Houston (West)
Conference Champion: Houston (Won Championship Game 34-20)
Ranked in Preseason AP Poll: 0
Ranked in Final AP Poll: 0
| Passing | Rushing | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rk | Player | School | Cmp | Att | Pct | Yds | Y/A | AY/A | TD | Int | Rate | Att | Yds | Avg | TD |
| 1 | Kevin Kolb* | Houston | 292 | 432 | 67.6 | 3809 | 8.8 | 9.8 | 30 | 4 | 162.7 | 111 | 154 | 1.4 | 4 |
| 2 | Jordan Palmer | Texas-El Paso | 282 | 429 | 65.7 | 3595 | 8.4 | 8.1 | 26 | 14 | 149.6 | 47 | -86 | -1.8 | 1 |
| 3 | Paul Smith* | Tulsa | 233 | 350 | 66.6 | 2727 | 7.8 | 7.5 | 15 | 9 | 141.0 | 101 | 288 | 2.9 | 8 |
| 4 | Justin Willis | Southern Methodist | 182 | 270 | 67.4 | 2047 | 7.6 | 8.5 | 26 | 6 | 158.4 | 132 | 354 | 2.7 | 3 |
| 5 | Bernard Morris | Marshall | 116 | 188 | 61.7 | 1346 | 7.2 | 5.1 | 8 | 12 | 123.1 | 82 | 324 | 4.0 | 2 |
| 6 | Lester Ricard | Tulane | 229 | 400 | 57.3 | 2795 | 7.0 | 6.8 | 18 | 10 | 125.8 | 60 | -112 | -1.9 | 0 |
| 7 | James Pinkney* | East Carolina | 232 | 397 | 58.4 | 2783 | 7.0 | 6.5 | 12 | 10 | 122.3 | 105 | 216 | 2.1 | 4 |
| 8 | Martin Hankins | Memphis | 226 | 377 | 59.9 | 2550 | 6.8 | 6.2 | 18 | 13 | 125.6 | 33 | -12 | -0.4 | 0 |
| 9 | Chris Williams | Alabama-Birmingham | 95 | 168 | 56.5 | 1112 | 6.6 | 5.8 | 9 | 7 | 121.5 | 57 | 128 | 2.2 | 3 |
| 10 | Chase Clement* | Rice | 153 | 265 | 57.7 | 1707 | 6.4 | 7.2 | 21 | 5 | 134.2 | 107 | 481 | 4.5 | 4 |
| 11 | Steven Moffett | Central Florida | 119 | 215 | 55.3 | 1385 | 6.4 | 6.1 | 8 | 5 | 117.1 | 31 | -7 | -0.2 | 0 |
| 12 | Jeremy Young* | Southern Mississippi | 161 | 281 | 57.3 | 1769 | 6.3 | 6.2 | 12 | 6 | 120.0 | 81 | 224 | 2.8 | 4 |