Indiana entered the game with an 8–4 record (5–4 in conference). They finished in fourth place in the Big Ten's East Division. The Hoosiers' four losses were all to ranked opponents: Ohio State, Michigan State, Penn State, and Michigan. This was Indiana's first Gator Bowl appearance.
Tennessee entered the game with a 7–5 record (5–3 in conference). They finished in third place in the SEC's East Division. The Volunteers lost to all three ranked opponents they faced: Florida, Georgia, and Alabama. After starting their season 2–5, the Volunteers entered the bowl on a five-game winning streak. This was Tennessee's seventh Gator Bowl; the Volunteers had a record of 4–2 in prior appearances.