First half

After a scoreless first quarter, Tennessee's QB Tee Martin fired a 4-yard touchdown pass to FB Shawn Bryson for the Vols to open up an early 7–0 lead. Bryson's TD came after the Vols took a Jeff Hall field goal off the board due to a roughing-the-kicker penalty. Shortly thereafter, Florida State had the ball near midfield. Seminoles QB Marcus Outzen threw an interception to Vol CB Dwayne Goodrich who was covering WR Peter Warrick, and it was returned 54 yards for a touchdown; thus, Tennessee opened up a 14–0 lead. The two scores both occurred in the first 25 seconds of the second quarter. Goodrich's interception changed the complexion of the game and forced Florida State to play from behind.

Florida State did get on the board later in the second quarter with a 1-yard run by FB William McCray, but Sebastian Janikowski missed an extra point off the crossbar, so the score stood at 14–6. At the end of the half, Janikowski drilled a 34-yard field goal, and the lead was cut to 14–9.

Second half

The second half saw a new challenge for the Vols, who were clinging to a narrow lead. Cornerback Dwayne Goodrich, who had the interception for a touchdown in the first half, was unable to play in the second half due to an ankle injury. He was replaced by Gerald Griffin, who had not seen much action that season. Griffin was assigned to cover Warrick, and did an adequate job, limiting Warrick to one catch for the game.

The Vol defense, as a unit, also held its own. Once again, both teams failed to score for an entire quarter. After the scoreless third quarter, the Vols got back on the scoreboard again. Tee Martin fired a 79-yard touchdown pass to Peerless Price, and the Vols claimed a 20–9 lead after a missed extra point by K Jeff Hall.

Later, Tennessee added a 23-yard field goal by Hall, and the lead extended to 23–9. But Florida State was not conceding the outcome yet. Seminole quarterback Marcus Outzen scrambled for a 7-yard touchdown, capping a Florida State drive, and the lead was cut to 23–16. With less than 2 minutes to go in the game, Tennessee RB Travis Henry fumbled and turned the ball over to Florida State. However, Outzen threw an errant pass that was intercepted by CB Steve Johnson, which sealed the victory and the national championship for the Vols.

Scoring summary

Highlights

SEC and National Championship rings for the 1998 Tennessee Vols

• While Tennessee limited Peter Warrick when the Seminoles were on offense, Warrick was still successful in the return game. One memorable play, however, saw Tennessee punter David Leaverton make an open field tackle on Warrick. Had Warrick gotten past Leaverton, he would have most likely scored a touchdown. Instead, the Seminoles were held scoreless on the drive and ended up losing by seven points.
• Florida State contained the Vol passing attack except for two big plays. The first was a fade route from Tee Martin to Peerless Price that covered 76 yards and set up the Vols' first touchdown. The second was Price's 79-yard touchdown reception from Martin.
• Tennessee walk-on Tim Sewell had a blocked punt.
• Tennessee had 114 yards rushing, but leading carrier Travis Henry had only 28 yards rushing. The yards were spread out among Henry, Travis Stephens, Tee Martin, and Shawn Bryson.
• Peerless Price's 199 yards receiving broke a Tennessee bowl record, held formerly by Anthony Hancock. Hancock had 196 yards in the 1981 Garden State Bowl.
• The Tennessee defense held Florida State to only 253 total yards on offense. However, WR Ron Dugans had six catches for 135 yards to account for most of the total.
• Tennessee's seniors left the school with a 45-5 record after this game.
• This marked the final game for Tennessee's broadcasters John Ward and Bill Anderson, the longest-running broadcast partnership in college football.