Simpson went on to win the Heisman in 1968, but he could have been the first two-time winner before Archie Griffin. Despite rushing for 1,543 yards and 13 TDs as a junior, Simpson finished second in the voting behind UCLA QB Gary Beban.
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Chuck Muncie, RB, Cal (1975)
Speaking of Griffin, the former Ohio State running back received all of the love from the voters during this particular season. Griffin and Muncie's rushing numbers were quite similar at 1,450 and 1,460, respectively; however, the touchdown comparison wasn't even close. Muncie (pictured) scored nine more rushing TDs than Griffin and still lost by more than 1,000 points in the voting. You can definitely say Muncie got the short end of the stick.
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Herschel Walker, RB, Georgia (1980)
Only a true freshman at the time, Walker enjoyed a successful season. He rushed for 1,616 yards and 15 TDs while leading Georgia to a national-championship victory over Notre Dame. He ended up third in the voting behind George Rogers and Hugh Green possibly due to his class year.
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Keith Byars, RB, Ohio State (1984)
Although Byars led the nation with 1,764 rushing yards and 22 rushing TDs, it was only good enough to earn him second place in the Heisman race. Boston College QB Doug Flutie claimed the award after a thrilling season, which was highlighted by a last-second Hail Mary win over Miami (Fla.).
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Marshall Faulk, RB, San Diego State (1992)
Faulk's NCAA-leading 1,603 rushing yards and 1,758 yards from scrimmage was impressive but not impressive enough, according to the voters. Miami's 11-1 record compared to SDSU's 5-5-1 record is probably the reason why QB Gino Torretta edged out Faulk for the award.
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Tommie Frazier, QB, Nebraska (1995)
Frazier is one the winningest quarterbacks in college football history. He led his team to back-to-back national titles, including winning MVP in one of them. Unfortunately, he never won the ultimate individual accolade. He scored 31 total TDs in his final campaign but was unable to pry away the award from Ohio State RB Eddie George.
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Peyton Manning, QB, Tennessee (1997)
Manning returned for his senior season and helped lead the Volunteers to a 11-1 regular-season record. He threw for 3,819 yards and 36 TDs while completing 60.2 percent of his passes. However, his failure to lead Tennessee to a win over Florida likely cost him the Heisman, which went to Michigan DB/WR Charles Woodson.
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Vince Young, QB, Texas (2005)
Young led the Longhorns to an undefeated season (13-0) and their first national title since 1970. He completed 62.5 percent of his passes and threw for 3,036 yards and 26 TDs. He also rushed for 1,050 yards and 12 TDs on 6.8 yards per carry. Despite finishing second in the voting and Reggie Bush being stripped of the award, the Heisman Trust chose to leave the trophy vacated with no new winner. Now that's a double whammy!