The Colts began their first offensive series on their own 27-yard line. Quarterback Earl Morrall completed a 19-yard pass to tight end John Mackey and then running back Tom Matte ran for 10 yards to place the ball on the Jets' 44-yard line. Jerry Hill's runs of 7 and 5 yards picked up another Colts first down,[36] then Morrall's pass to tight end Tom Mitchell gained 15 yards on third and thirteen
… More and saw the ball placed at the Jets' 19-yard line.[37] In scoring position, Morrall attempted to score quickly against a reeling Jets defense. Receiver Willie Richardson dropped Morrall's pass on first down followed by an incompletion on second down after Mitchell was overthrown.[37] On third down, none of his receivers were open and Morrall was tackled at the line of scrimmage by Al Atkinson. Michaels was brought out to attempt a 27-yard field goal, but it was wide left.[38] "You could almost feel the steam go out of them," said Snell.[23]
On the Jets' second possession, Namath threw deep to Maynard, who, despite his pulled hamstring, was open by a step. The ball was overthrown, but this one play helped change the outcome of the game. Fearing the speedy Maynard, the Colts decided to rotate their zone defense to help cover Maynard, leaving Sauer covered one-on-one by Lenny Lyles, helping Sauer catch 8 passes for 133 yards, including a crucial third quarter 39-yard reception that kept a scoring drive alive. The Jets kept rushing Snell to their strong left, rushing off tackle with Boozer blocking the linebacker, and gained first down after first down as the Colts defense gave ground. The Colts defense was more concerned about Maynard, the passing game, and the deep threat of a Namath to Maynard touchdown. Although the Colts were unaware of Maynard's injury, the Jets were aware that Lyles had been weakened by tonsillitis all week, causing them great glee when they saw the one-on-one matchup with Sauer.[39]
With less than two minutes left in the period, Colts punter David Lee booted a 51-yard kick that pinned the Jets back at their own 4-yard line. Three plays later, Sauer caught a 3-yard pass from Namath, but fumbled while being tackled by Lyles, and Baltimore linebacker Ron Porter recovered it at New York's 12-yard line. Less