The game's title sponsor was residential mortgage company Guaranteed Rate.
Kansas quarterback Jason Bean, who won offensive MVP, set the Guaranteed Rate Bowl record for passing touchdowns with 6, split between receivers Luke Grimm and Lawrence Arnold who both had 3, tying former Jayhawk Dezmon Briscoe's record for receiving touchdowns.
[6] The Jayhawks entered the game with an 8–4 record (5–4 in Big 12), tied for seventh place in their conference.
It was the Jayhawks' second consecutive season playing in a bowl game, something only accomplished once before in program history (2007–2008).
Winning the three-way tiebreaker for first place in their conference, the Rebels hosted the 2023 Mountain West Championship Game, losing to Boise State, 44–20.