text: Todd Graham became head coach in 2006, and led the Owls to their first bowl game in 35 years, the 2006 New Orleans Bowl. He left after only one year and was succeeded by David Bailiff, who took the Owls to three bowl games in 11 years, including their first 10-win seasons in half a century.
  1954 Cotton Bowl Classic
  The Owls played in the eighteenth Cotton Bowl Classic against the Crimson Tide of Alabama. The game featured one of the most famous plays in college football history when Rice's Dickey Moegle (later Maegle) burst free on a sweep play, and on his way down the sideline, was tackled by Tommy Lewis, who had come off the Alabama sideline without his helmet to tackle Moegle. Referee Cliff Shaw saw Lewis come off the bench and gave the Owls the 95-yard touchdown. Rice would win the game 28–6, with the only Crimson Tide score coming from Lewis.  The yardage added to Moegle's 265 yards rushing, a Cotton Bowl Classic record that would stand until Tony Temple's effort in 2008. This would be the Owls' last bowl win until the 2008 Texas Bowl, a win which also secured the Owls their first 10-win season since 1949.