Preheat your oven to 375°F (190°C). Line a large baking sheet with parchment paper or foil for easy cleanup, and place a wire rack on top. This allows the bacon to cook evenly and get extra crispy.
In a small bowl, whisk together the brown sugar, maple syrup, smoked paprika, cayenne pepper (if using), and black pepper until well combined. This is your magical glaze!
Arrange the bacon slices in a single layer on the prepared wire rack. Ensure the slices aren't overlapping so they cook evenly.
Generously brush the glaze mixture over the top of each bacon slice. Make sure to coat them well for that signature sweet and savory finish.
Bake for 15-20 minutes, or until the bacon is deeply caramelized and crispy. Cooking time will vary depending on the thickness of your bacon and your oven.
Carefully remove the baking sheet from the oven. Let the bacon cool on the rack for a few minutes. It will continue to crisp up as it cools.
Once slightly cooled, transfer the Million Dollar Bacon to a serving platter. Enjoy the incredible aroma and prepare for pure deliciousness!