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
| Overall | Conference | Pts/G | SRS | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| East | W | L | Pct | W | L | Pct | Own | Opp | SRS | SOS | Notes |
| Southern Mississippi | 9 | 5 | .643 | 6 | 2 | .750 | 25.4 | 18.6 | 3.65 | -1.49 | |
| East Carolina | 7 | 6 | .538 | 5 | 3 | .625 | 21.5 | 20.8 | -0.60 | -1.06 | |
| Marshall | 5 | 7 | .417 | 4 | 4 | .500 | 25.9 | 29.3 | -4.98 | -2.57 | |
| Central Florida | 4 | 8 | .333 | 3 | 5 | .375 | 19.3 | 28.8 | -7.16 | -1.24 | |
| Alabama-Birmingham | 3 | 9 | .250 | 2 | 6 | .250 | 18.8 | 24.8 | -7.28 | -1.61 | |
| Memphis | 2 | 10 | .167 | 1 | 7 | .125 | 23.4 | 30.4 | -10.33 | -2.67 | |
| West | W | L | Pct | W | L | Pct | Own | Opp | SRS | SOS | Notes |
| Houston | 10 | 4 | .714 | 7 | 1 | .875 | 33.0 | 23.5 | 5.40 | -2.89 | |
| Rice | 7 | 6 | .538 | 6 | 2 | .750 | 26.9 | 33.2 | -3.89 | -1.35 | |
| Tulsa | 8 | 5 | .615 | 5 | 3 | .625 | 27.7 | 20.2 | 2.64 | -3.13 | |
| Southern Methodist | 6 | 6 | .500 | 4 | 4 | .500 | 27.1 | 24.5 | -5.13 | -5.55 | |
| Texas-El Paso | 5 | 7 | .417 | 3 | 5 | .375 | 27.3 | 31.3 | -7.78 | -4.20 | |
| Tulane | 4 | 8 | .333 | 2 | 6 | .250 | 18.7 | 33.3 | -9.91 | 0.09 | |
| Date | Bowl | Winner/Tie | Pts | Loser/Tie | Pts | Notes |
|---|---|---|---|---|---|---|
| 2007-01-07 | GMAC Bowl | Southern Mississippi | 28 | Ohio | 7 | GMAC Bowl (Mobile, AL) |
| 2006-12-29 | Liberty Bowl | South Carolina | 44 | Houston | 36 | Liberty Bowl (Memphis, TN) |
| 2006-12-23 | Armed Forces Bowl | Utah | 25 | Tulsa | 13 | Armed Forces Bowl (Fort Worth, TX) |
| 2006-12-23 | PapaJohns.com Bowl | South Florida | 24 | East Carolina | 7 | PapaJohns.com Bowl (Birmingham, AL) |
| 2006-12-22 | New Orleans Bowl | Troy | 41 | Rice | 17 | New Orleans Bowl (New Orleans, LA) |