UCF and Addition Financial Credit Union have reached an agreement to extend its naming rights partnership for the on-campus arena for another 12 years.
The new deal which will take effect on Jan. 1 of 2023 will be a 12-year extension of the previous deal signed with the University in 2013 and is worth $20 million.
UCF vice president and athletics director Terry Mohajir said the partnership will play a crucial role in the next decade as the teams transition into the Big 12 Conference starting next year.
“We’ve had a partnership with Addition Financial for nearly a decade, and we’re excited that Kevin Miller and the Addition Financial Board have agreed to extend our relationship for an additional 12 years,” Mohajir said. “This is a great new venture with outstanding community partners. Resources will be paramount as we transition into the Big 12 Conference a year from now, and Addition Financial will play a key role for us as we invest more resources to enhance our education and athletics missions!”
Kevin Miller, the Addition Financial president and CEO said he shared in Mohajir’s excitement looks forward to joining the University in their journey as they continue to grow.
“Addition Financial is proud to continue our longstanding partnership with UCF Athletics and to align with Orlando’s hometown teams” Miller said. “Knight Nation has truly inspired us along their journey to the Big 12, and we look forward to embarking on that journey alongside them as we extend our partnership,”
Addition Financial has had its name on UCF’s on-campus arena since 2013. The Addition Financial Arena is home to the Men’s and Women’s Basketball teams and hosts concerts, special events and graduations for the University.
