The Ray Guy award will be presented to the nation's best collegiate punter as determined by a national selection committee made up of sports writers, college football coaches and sports information directors, former punters and members designated by the Greater Augusta Sports Council. Among the statistics used to identify the Ray Guy Award winner are total yardage punted, number of times a punt is downed or kicked out of bounds inside the opponents 20-yard line, net average, average returned yardage, and percentage of punts not returned. It is also of importance for the award winner to display team leadership, self-discipline, and to have a positive impact on the team's success.
The Ray Guy Award watch list will be narrowed to ten semi-finalists to be announced in early-November. The national voting body will then vote for the top three finalists who will be announced at the end of November. On December 8, 2005 the top three finalists will be in Orlando, Florida for the Home Depot College Football awards show. The winner will be announced live on ESPN.