The 1903 Michigan Wolverines football team represented the University of Michigan in the 1903 college football season. The team's head football coach was Fielding H. Yost. The Wolverines played their home games at Regents Field. The 1903 team compiled a record of 11–0–1 and outscored opponents 565 to 6. The only points allowed came on a touchdown in a 6–6 tie with Minnesota. All eleven wins were shutouts. The 1903 Michigan team was the third of Yost's "Point-a-Minute" teams and has been recognized retrospectively as a co-national champion by the National Championship Foundation.

The 1903 Minnesota Golden Gophers football team represented the University of Minnesota in the 1903 college football season. In their fourth year under head coach Henry L. Williams, the Golden Gophers compiled a 14–0–1 record, shut out 13 of their 15 opponents, and outscored all opponents by a combined total of 656 to 12. The team finished the season in a tie with Michigan for the Western Conference co-championship. When Minnesota and Michigan met, the teams played to a tie in a game that gave rise the Little Brown Jug trophy.