Murray hauled in a 20-yard scoring pass from Alex Smith, pulling Team Rice to within a point, and Mike Tolbert followed with a go-ahead 2-point conversion run for the victory at Aloha Stadium in Honolulu.
The go-ahead score came after Smith marched his squad 58 yards in four plays.
Nick Foles had given Team Sanders a 21-14 lead when he hooked up with tight end Jordan Cameron for a 12-yard score with 4:41 remaining.
Foles had one last shot after Team Rice took the lead, moving his team close enough for a 67-yard field goal try by Justin Tucker. But it fell short, ending the contest.