The teenagers, described by police as 16- and 17-year-old students from Brandon and Plant City high schools, told investigators that they took the statue from Bloomingdale High School and had planned to have the bull waiting for Bloomingdale's football team when they faced off against Brandon High School, the St. Petersburg (Fla.) Times reported Monday.
Investigators said the students told them they were inspired to perform the stunt after watching an MTV program about high school pranks.
"They were contrite and apologetic," Hillsborough County sheriff's spokesman J.D. Callaway said. "All of them said they didn't think it would come to their arrest."
School district spokesman Steve Hegarty said administrators are not planning to discipline the students because they were arrested.