Both teams were making their only appearances in the Astro-Bluebonnet Bowl; this edition was played on New Year's Eve at 7 p.m. CST. The Sugar Bowl had been played in this time slot the previous four years, but moved back to New Year's Day this season.
Nebraska
The Cornhusers started the season ranked first, but a tie to LSU dropped them to #8. Five straight victories made them rise back to third before a matchup with The home loss dropped them to ninth, with victories over Kansas and #13 Oklahoma Statedoing nothing to make them rise nor fall. Losses to Iowa State and dropped them to thirteenth, with a lopsided win at Hawaii ending the regular season on a high note. The Huskers tied for fourth in the Big Eight Conference at 4–3 in a year where Oklahoma, Oklahoma State, and Colorado all won a share of the conference title at 5–2. This was Nebraska's sixth bowl game of the decade along with their seventh straight bowl appearance.
The Red Raiders won their first eight games, rising from unranked to fifth in the nation with wins over and being highlight wins. However, a loss to #9 Houstonat home cost them a chance at an undefeated season, though wins at Arkansas and meant that the Red Raiders won a share of the SWC, their first conference title since 1955. This was Texas Tech's fifth bowl appearance of the decade.
Texas Tech - Taylor 11-yard pass from Allison, 2:14
Nebraska - Mark Dufresne 22-yard pass from Vince Ferragamo, 0:33
;Third quarter:
Texas Tech - Taylor 8-yard run, 11:32
Nebraska - Berns 18-yard run, 9:19
Nebraska - Chuck Malito 23-yard pass from Ferragamo, 7:01
;Fourth quarter: Reg Gast recovered a Red Raider fumble with 1:34 left in the game to seal the game for Nebraska, who rallied twice from ten-point
Statistics
Aftermath
The teams switched places in the final AP poll, Nebraska climbed to ninth and Texas Tech fell to thirteenth. The bowl win was Nebraska's seventh in the last eight seasons, and the Huskers had regular bowl appearances for the rest of Osborne's tenure. only reached three bowl games combined in rest of the decade and the next one. Neither returned to the Astro-Bluebonnet Bowl after this game.