As a Division II team in 1989, UCF defeated three Division I-AA teams, including two nationally-ranked schools. On October 28, UCF upset No. 9 Liberty (I-AA), and two weeks later on November 11, defeated No. 4 Eastern Kentucky (I-AA). Against Eastern Kentucky, quarterback Rudy Jones led a fourth quarter comeback, throwing two touchdown passes to lift the Knights to a 20–19 victory.
The team played their home games at the Citrus Bowl in Downtown Orlando. During the decade of the 1980s, the Knights compiled an overall record of 47–59–1 (.443)