Steve Morgan finished his playing career in 1984 as UT's career rushing leader with 2,540 yards, a mark that still ranks sixth on the Rockets' all-time list. He played on MAC Championship teams in 1981 and 1984, earning first-team All-MAC honors as a senior in 1984. He gained 1,137 yards and scored 10 touchdowns that year, and was named the team's Most Valuable Player. Morgan was the team's leading rusher as a junior (630 yards) and sophomore (598). Nine times he rushed for at least 100 yards in a game. As a freshman, Morgan helped lead his team to the 1981 MAC Championship, finishing the season as UT's leading punt and kickoff returner. He was honored as the team's top freshman, receiving the Cohen Trophy. After graduating, he was signed by the Seattle Seahawks and later played for the Arizona Wranglers of the USFL.