The game's winner receives a traveling trophy, the "Don Shula Award," for one year.

The 2007 game was played in the final months of the Orange Bowl before being demolished for the construction of LoanDepot Park.

[3] Beginning in 2012, Florida Atlantic used its newly built FAU Stadium in Boca Raton as its home field, marking the first time the Shula Bowl was played on both rival schools' campuses.

In recent years the game has aired on Stadium and is carried locally on WSFL-TV The CW South Florida.

[5][6] In a statement announced on September 26, 2022, the FAU and FIU athletics departments inked a four-game series that would continue the Shula Bowl beginning in 2024.