Big Ten co-champion Michigan compiled a perfect 8–0 record, outscored opponents 123 to 12, shut out six of eight opponents, and allowed an average of only 1.6 points per game. Michigan quarterback Harry Newman was a consensus first-team All-American and won the Chicago Tribune Silver Football trophy as the most valuable player in the conference. Michigan was awarded the Knute K. Rockne Trophy, narrowly prevailing over USC as the national champion under the Dickinson System.
Co-champion Purdue compiled a 7–0–1 record, had the conference's leading scoring offense with an average of 20.5 points per game, and was ranked No. 4 under the Dickinson System. Fullback Roy Horstmann was Purdue's most valuable player and was selected as a first-team All-American by several selectors. End Paul Moss was a consensus first-team All-American.
Key
DS = Ranking in the Dickinson System, a system used at the time to rank the country's best college football teams and to award the Knute Rockne Trophy to the national champion[2]
PPG = Average of points scored per game[3]
PAG = Average of points allowed per game[3]
MVP = Most valuable player as voted by players on each team as part of the voting process to determine the winner of the Chicago Tribune Silver Football trophy[4]