The University of Central Florida filed its appeal of its postseason football ban Monday to the NCAA, UCF spokesman Grant Heston told ESPN.
Since the Knights have filed the appeal, they will remain eligible for a bowl game this season until the appeal is ruled on.
If UCF wins the appeal, the Knights would be eligible to play in a bowl this season and next. However, if UCF's appeal is denied after the 2012 season has been completed, the Knights' postseason ban would take effect in 2013, making them ineligible for the Big East's more lucrative bowls when UCF joins its new conference next season.
UCF was hit with one-year postseason bans for football and men's basketball on July 31. Those penalties were in addition to a $50,000 fine, adding two years to UCF's previously proposed three years' probation, reduction of basketball scholarships, the vacating of basketball victories and limits of football recruiting visit days.
By appealing the ban, the Knights are potentially gambling a few million dollars in bowl money. And based on the timing of the NCAA's appeal, it could wreak havoc on Conference USA's bowls this year.
The payouts for a C-USA bowl range from $500,000 to $1.8 million for the C-USA champion. Big East bowls are worth $1.1 million to $3 million.
NCAA spokesperson Stacey Osburn, not commenting specifically on the UCF case, said the amount of time for an appeal varies, but it usually takes 110 days.
Once an appeal is filed, the Committee on Infractions must submit its written response within 30 days, Osburn said. The school then has the option of responding to the COI within 15 days. The enforcement staff also has the option of submitting a response and has 10 days to do so. To ensure fairness, Osburn said, the school then has the option of responding to those within 10 days.
UCF president John Hitt remains hopeful the appeal will be ruled on before the end of the season.
"It depends on who you talk to at the NCAA how likely it is to get done quickly, but it is clear to us now that it can be done fairly quickly," Hitt told the Orlando Sentinel last month. "And I'm going to make a request that it be expedited."
Brett McMurphy covers college football for ESPN. Information from The Associated Press was used in this report.