The 1998 UCF Golden Knights football season was the twentieth season overall for the team, and third season as an NCAA Division I-A Independent. After the resignation of Gene McDowell, Mike Kruczek became the new head coach of the Golden Knights. Kruczek led UCF to a 9–2 record in 1998, the program's best season at the time. Quarterback Daunte Culpepper finished 6th in the Heisman Trophy voting and set a then-NCAA record for completion percentage (73.4%). UCF received a tentative verbal agreement to play in the Oahu Bowl. However, the arrangement fell through in the final week of the season.