Boston University terminated the varsity football program on homecoming weekend in 1997, during a one-win season in the Atlantic 10. Players were allowed to keep their four-year scholarships or transfer without NCAA penalties. At the time of its termination the program ran at an annual loss of $2.91 million. Boston University has used the former football scholarships to comply with Title IX requirements. Boston University still fields a club football squad in the modern Yankee Conference.
The Terriers had a record of 0–1 in bowl games. Boston University appeared in one bowl game during their tenure. As a member of the College Division, they played against a member of the University Division in the Pasadena Bowl.