UCF set a program mark with its first undefeated home record since moving into Bright House Networks Stadium in 2007.

After a last-second loss to Penn State in the Croke Park Classic on opening day, the Knights lost to Missouri, eventual winners of the SEC East.

UCF clinched a share of the conference title on December 4 by virtue of a 51-yard Hail Mary touchdown as time expired at East Carolina.

UCF faced eight conference opponents: UConn, East Carolina, Houston, SMU, South Florida, Temple, Tulane, and Tulsa.

The Knights played four non-conference games: Penn State (Big Ten), Missouri (SEC), Bethune-Cookman (FCS), and BYU (IND).

Unfortunately, the quick scoring drive left enough time on the clock for Penn State quarterback Christian Hackenberg to get the Nittany Lions in field goal range.

As time expired, Sam Ficken hit a 36-yard field goal which gave Penn State the 26–24 win.

The Knights started slow, trailing the Wildcats late in the first-quarter before UCF answered with 41 unanswered points.

The Knights defense proved tough as UCF sacked Stewart twice, forcing one fumble, and intercepting one of his passes.

After the Knights opened a 10–3 lead going into the half, the Cougar's defense stopped UCF's offense from scoring on 8 consecutive possessions.

With 10 minutes left, and after BYU jumped into the neutral zone, Holman found Josh Reese for a 37-yard touchdown pass to tie the game.

With the opportunity to take the lead, UCF missed two late field goals in the fourth, forcing the game into overtime.

The Knights defense stood strong, and for the second consecutive game won the match-up on a goal-line stand after stopping the Cougars on fourth down in the redzone.

The game was a test of defenses, with the first score being a 21-yard field goal for Tulane by Andrew DiRocco with five minutes remaining in the first.

UCF tacked on ten more points before the half, a rushing TD by RB William Stanback and a 30-yard field goal by Moffit.

Tulane scored the last points of the game with 11 minutes left in the fourth quarter on a 9-yard rushing touchdown by Lazedrick Thompson.

The Knights scored quickly on a 25-yard pass from Justin Holman to JJ Worton and never looked back, taking a 17–0 lead on their first three drives.

Justin Holman's four interceptions coupled with special team troubles spelled doom for UCF's effort to remain unbeaten in conference play for a second straight year.

JJ Worton had eleven receptions for 178 yards, including a 73-yard touchdown pass from Holman in the third quarter – the Knights longest play from scrimmage this season.

Kickers Shawn Moffit and Sean Galvin were suspended for the game, with Rodrigo Quirarte taking over kicking duties and going one-for-three.

The Knights held the Bulls offense to a three-and-out on the next series, which was followed by an 8-play, 73-yard scoring drive by UCF capped off by a 21-yard run from Rannell Hall.

With the victory, UCF needed one more win to clinch a share of their second consecutive American conference championship.

UCF clinched a share of the 2014 AAC Conference Championship with a 32–30 win at East Carolina on Thursday night.

Justin Holman threw a 51-yard Hail Mary pass to wide receiver Breshad Perriman as time expired.

Both teams entered with identical 8–3 records (UCF 6–1 and ECU 5–2 in The American), with the Pirates looking to upset the Knights' hope of winning a second consecutive conference title.

Shane Carden's 13-yard touchdown pass to Justin Hardy gave ECU a 30–26 lead with 2:17 left in fourth quarter.

On first down, Justin Holman fired a quick 14-yard out route to Josh Reese, who stepped out of bounds at the 49 with five seconds remaining.

A stunned crowd at Dowdy–Ficklen Stadium saw the Knights win 32–30, earning the program's second consecutive conference championship, and fourth since 2007. at Tropicana Field, St. Petersburg, Florida

On January 11, 2015, wide receiver Breshad Perriman announced he would enter the NFL Draft after his junior year.

[14] Two former players were selected in the 2015 NFL draft: This was the first time in program history that a Knight was picked in the first round in two consecutive years.