The 1894 Yale Bulldogs football team compiled a perfect 16–0 record, outscored opponents by a total of 485 to 13, and has been recognized as the national champion by the Billingsley Report, Helms Athletic Foundation, and National Championship Foundation, and as co-champion by Parke H.

[1][2] Penn also compiled a perfect record (12–0) and was recognized as the co-national champion by Parke H. Davis.

Despite suffering losses to both Yale and Penn, Princeton was recognized as the national champion under the Houlgate System.

All eleven players selected by Caspar Whitney and Walter Camp to the 1894 All-America college football team came from the Big Three (Princeton, Yale, and Harvard) or Penn.

Six of the honorees have been inducted into the College Football Hall of Fame: halfback George Brooke, end Frank Hinkey (Yale), end Charlie Gelbert, tackle Langdon Lea (Princeton), guard Art Wheeler (Princeton), and guard Bill Hickok (Yale).