Hance touched on the things that make Texas Tech a great university and shared his personal motto for the school, "Dream no little dreams."
Kirby Hocutt, the thirteenth athletic director in school history, followed Hance with a brief speech on his two new coaches, Kingsbury, and new basketball coach Tubby Smith.
He also brought up some leadership programs that will be a part of the curriculum for many student/athletes.
Hocutt closed his speech by introducing Kingsbury, the record-holding Tech quarterback turned head coach, who mainly touched on the different players who should bring excitement to Tech football in the upcoming season.
Perhaps the most endearing story of the night was that of Eric Ward.
Both, Hance and Kingsbury touched on Ward's value to the team and university.
Ward was the first member of his family to graduate from high school.
The senior wide receiver from Wichita Falls will graduate with his masters degree in Human Development and Family Studies this December.
The auction, run by Jack Little, followed the three men's speeches.
Little's sense of humor had every person in the room chuckling.
Soon after, Hance, Hocutt and Kingsbury were back on the jet provided by Southern Bleachers on their return to Lubbock.
Four scholarships were also handed out during the festivities.
The recipients were Jake and Janson Graham of Graham, Evan Lang of Jacksboro and Aaron Farner of Breckenridge.
The group also donated a scholarship to the Red Raider Club, which helps provide money for the scholarships of student/athletes.