Slightly favored,[3][4] the Jets defeated the Raiders 27–23 to win the championship and the chance to play the Baltimore Colts in Super Bowl III.
[5][6][7] A 28-yard punt by Oakland's Mike Eischeid gave New York the ball on the Raiders 44-yard line on their first possession, and they took advantage of the short field with a 4-play scoring drive.
His first completion was a 36-yard pass to Billy Cannon, but the Raiders ended up with no points on that drive when George Blanda hit the cross bar attempting a 45-yard field goal.
New York responded by driving 80 yards in 14 plays to retake the lead, 20–13, on Namath's 20-yard touchdown pass to tight end Pete Lammons with one minute left until the 4th quarter.
Then Raiders defensive back George Atkinson intercepted a pass from Namath and returned it 32 yards to the Jets 5-yard line.
On the next play, Banaszak ran the ball into the end zone, giving Oakland their first lead of the game at 23–20 with 8:18 remaining on the clock.
Even though more than 5 minutes remained in the game, Rauch decided to try to go for a first down rather than kick a field goal, but this did not pay off as Lamonica was sacked by New York lineman Verlon Biggs on the next play.
Following a punt, Oakland drove to the New York 24-yard line, only to lose the ball again when Lamonica's intended swing pass to Charlie Smith sailed behind him, resulting in an accidental fumbled lateral that was recovered by linebacker Ralph Baker.