Fullback Herb Joesting and guard Harold Hanson were named All-American status by the Associated Press. Joesting, Hanson, quarterback Harold "Shorty" Almquist, tackle Mitchell Gary and end Kenneth Haycraft were named All-Big Ten first team.
Total attendance for the season was 166,848, which averaged to 23,126. The season high for attendance was against Wisconsin.
On November 19, 1927, Minnesota defeated Michigan by a 13-7 score at Michigan Stadium. Bennie Oosterbaan scored Michigan's touchdown in the first quarter on a long forward pass from halfback William Puckelwartz, and Louis Gilbert kicked the point after touchdown. Minnesota came from behind with 13 points in the second half on touchdown runs by Herb Joesting and a touchdown pass from Harold "Shorty" Almquist to Haycraft. Minnesota had 15 first downs in the game while Michigan had only two. Minnesota's victory was its first over Michigan since 1919. The game was also the Michigan's first defeat at Michigan Stadium and the final college football game for Michigan stars Oosterbaan and Gilbert and for Minnesota stars Joesting and Almquist.Walter Eckersall served as the game's referee and wrote in the Chicago Tribune: "For hard, aggressive playing combined with splendid sportsmanship it was one of the best struggles I ever officiated in."