The goal of the race was to generate as much money as possible for the general student scholarship fund at Boise State while challenging participants to "Beat Pete." Those who crossed the finish line ahead of the coach earned bragging rights and an "I Beat Coach Pete" T-shirt. In addition, for every racer who beat him, Coach Petersen promised to donate an additional $5 to the scholarship fund.
Exactly 564 racers topped Pete's 26-minute run, leading to a $2,802 payout; however, Coach Pete graciously gave more than his bet required by signing a check for $5,000. That generous donation, added to registration fees and additional gifts, brought the total raised for the Boise State general scholarship fund to $25,000.
"All of the support and Bronco pride shown Saturday speaks volumes about this community and their willingness to step up and help when it is needed the most," said Heather Carlson, promotions director for Campus Recreation. "Saturday we proved what Bronco Nation is really all about."
Following the race, Petersen and Bronco football players donated their time to sign autographs for all race participants, making for some very happy Bronco fans.