The conference allows members to deduct their team expenses from the bowl allotment - in this case $650k for the Hawaii. If there is left over after travel expenses are deducted, the remainder is sent to the conference for even distribution. Long story short, if we go to the Hawaii Bowl, it will be $650k just to get the team there for airfare and hotel. Maybe even a little out of pocket.
$1300 normal airfare, which means probably $1000/person for group rate/charter X 150 players coaches, staff, and administrators = ~$150k-$200k
$200 per night in hotel accommodations (players double up) X 120 rooms = $24k per night X 5 nights = $120k after taxes.
~$100/day in food expenses X 150 people X 5 days = $75k-$100k
Plus local transportation to events, practices, and security = ~$100k
You are already looking at $500k minimum just for the team.