In its fourth season under head coach Heinie Miller, the team compiled a 7–1–2 record.

[1] Quarterback Howard "Barney" Gugel was the team captain.

The team played its home games at the newly built Temple Stadium in Philadelphia.

The Owls played their first game in the new stadium on September 29, 1929 – a 12–0 victory over St. Thomas (PA).

[2] The dedication of the stadium occurred two weeks later on October 13.