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Gray is Texas's 17th player and 19th overall inductee — coaches D.X. Bible and Darrell Royal are also in — into the College Football Hall of Fame.
"[This is] probably one of the highest honors you can get when you play in college football," Gray said. "You don't dream of ever being one of the elite guys to ever play college football, and I think you have to be on really good football teams for them to recognize you. And to me it's just a great honor to be recognized as one of the top football players to have ever played on the college level."
"What a great honor for Jerry Gray and The University of Texas for him to be selected for the College Football Hall ofFame," said Texas coach Mack Brown. "We are so proud of everything he's accomplished and proud to have Jerry joining all of the Longhorn greats in the Hall of Fame. I always knew what a great player he was, but since I've been at Texas, I've been fortunate enough to be around Jerry quite a bit, even briefly as a member of our staff.
"He has great knowledge and passion for the game," Brown said. "Jerry is a man who was a terrific college and NFL player and now is pouring a great deal of energy back into the game as a coach. He is very deserving of this selection as a member among the greats of college football."
A four-year letterman at defensive back from 1981-84, Gray is one of only seven Longhorns to earn two-time consensus All-America honors, accomplishing that feat in 1983 and 1984. Gray earned unanimous All-America honors as a senior, one of just 20 players in UT history to earn that distinction. Gray was also a two-time Southwest Conference Defensive Player of the Year. Inducted into the Longhorn Hall of Honor in 1996, Gray is also a member of the Texas All-Time Team and All-Decade Team for the 1980's.
"Jerry was on the team when I first got to Texas, and he is a guy that totally represented everything a student-athlete ought to be, both on and off the field," said DeLoss Dodds, UT men's athletics director. "He was a great competitor and spectacular player on the field.
"Off the field, he represented us first class as well," Dodds said. "He continued to do that as a long-time NFL star and now as defensive coordinator in the NFL. Jerry was a dominating player who was a lot of fun to watch and one of the Longhorns' all-time greats. I'm so excited for him and for us that he is now a member of the College Football Hall of Fame."
Gray finished his career ranked second on the UT career interceptions chart with 16 picks, and he's now in third, one behind co-record holders Noble Doss and Nathan Vasher. He is also second on the single-season interception chart after picking off seven passes in 1984, one interception behind Earl Thomas's 2009 year. Gray is also in the top-10 in career fumble recoveries with six, while he also recorded 297 career tackles and 20 pass breakups.