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The 2016 matchup was the third all-time meeting between these two teams, with Nebraska leading the series 2–0 going into the 2016 game. The first time these two teams met was in the 1998 Orange Bowl with Nebraska beating Tennessee with the score of 42–17. Nebraska went on to win a share of the national championship after the victory. The previous meeting of the two teams was in 2000 with Nebraska winning 31–21 in the Fiesta Bowl. The 2016 matchup was the first time the two teams met as members of the Big Ten and SEC; the previous meetings came when Nebraska was a member of the Big 12 Conference.
After a scoreless first quarter where both teams had multiple drives stall out with punts, Tennessee jumped out to a 14–0 lead with rushing touchdowns from John Kelly and Joshua Dobbs. The first touchdown drive was mainly from passing the ball and the second was mainly from a balanced rushing attack. Nebraska answered with a 38-yard connection from Ryker Fyfe to Brandon Reilly. Tennessee closed out the second quarter with a Dobbs rushing touchdown from two yards out to go to the half up 21–7. The second half started inconsistent for both teams, with Nebraska fumbling and Tennessee turning the ball over downs on their first series. After a Nebraska punt, Tennessee drove mainly running the ball with two Jauan Jennings receptions to set up successful field goal to go up 24–7. On their next drive, Nebraska scored a touchdown on a drive aided significantly by a Devine Ozigbo 42-yard run that up Reilly's second receiving touchdown from Fyfe. Tennessee's next touchdown drive closed out the third quarter and started the fourth quarter. Tennessee converted three first downs to set up another Dobbs rushing touchdown to make the score 31–14. Nebraska converted a field goal on their next drive, which was set up by big receptions from De'Mornay Pierson-El and Reilly. Tennessee fumbled the ball on their next possession and Nebraska cashed in on a five-play, 31-yard drive that ended with a Fyfe nine-yard touchdown run to make the game 31–24. Tennessee was able to stop the Nebraska scoring run with a four-play, 77-yard drive that was highlighted with a Dobbs-to-Josh Malone 59-yard touchdown reception to make the score 38–24. Nebraska and Tennessee exchanged punts. Nebraska received the ball again and turned the ball over on downs after getting as close as Tennessee's 27-yard line. The drive was stalled by a Fyfe intentional grounding penalty set up by a Jonathan Kongbo sack and Fyfe later being sacked by Derek Barnett. In an effort to run clock, Tennessee ran three times on their next drive and punted. On their last drive, Nebraska turned the ball over on downs. Tennessee ran the clock out on their next play to end the game.
Tennessee's three consecutive seasons with a bowl victory marked the first time since the 1994–1996 seasons that the program accomplished the feat. Barnett's fourth quarter sack was the 33rd of this collegiate career, a new school record.