The award, which goes to the nation's outstanding college football player, will be handed out Saturday by the Downtown Athletic Club in New York.
McFadden, last year's Heisman runner-up to Troy Smith, has run for 1,725 yards with 15 touchdowns in 12 games for Arkansas. He set an SEC record with 321 rushing yards in a game Nov. 3 against South Carolina. No Arkansas player has ever won the Heisman.
Tebow, quarterback at Florida, became the first player in major college football to both throw and run for at least 20 touchdowns. He has 3,132 passing yards with 29 touchdowns. He would be the first sophomore to win the award.
Daniel, Missouri's quarterback, has thrown for 4,170 yards, third-most in the country, with 33 touchdowns and 10 interceptions in 13 games this season.
Hawaii's Brennan has completed 71.4 percent of his passes for 4,174 yards, second-most in the nation, with 38 touchdowns and 14 interceptions in 11 games.