Teams from the American Athletic Conference, Conference USA and the Mid-American Conference will take part in the game which will be played at FAU Stadium.
"This is a great opportunity for the university. Not only the university but the city of Boca Raton, Palm Beach County and all of South Florida. It's going to be an amazing event," said FAU Interim President Dennis Crudele.
Either ESPN or ESPN2 will televise the game.
"We were able to sell this because we have venue, South Florida during that time, the weather is perfect. Also, we're very hopeful the day this bowl game will be on will be the only game on and it will help nationally to showcase not only Boca Raton but the FAU Stadium," Crudele said.
The game will be played in December, sometime before Christmas.