The school was hit with hefty sanctions by the NCAA's Committee on Infractions when it determined the school committed major recruiting infractions and suffered from a "loss of institutional control."
UCF athletics director Keith Tribble and wide receivers coach David Kelly were forced to resign after the NCAA accused them of lying to investigators. Both men deny the charges. The report says that official UCF sources will not confirm the appeal victory on record and that the NCAA will announce its decision on Monday.
The men's basketball program got hit with a postseason ban and the school suffered scholarship reductions in football and men's basketball. The school is moving the Big East Conference next season, a league with an automatic qualifying Bowl Championship Series bid in football.
The NCAA does not punish schools who are appealing penalties, which allowed UCF to participate in the Beef O'Brady's Bowl, where they defeated Ball State 38-17.