contract with CFE Federal Credit Union, which has had a long-standing history with UCF. The deal was slated for seven years and was worth $3.95 million, or $564,285.72 per year. The new name took effect on May 23, 2013. On May 1, 2019, CFE changed its name to Addition Financial and, coinciding with the change, the arena's name changed from CFE Arena to Addition Financial Arena on the same date. The arena's naming rights deal was not affected by the sponsor's name change. On August 18, 2022, UCF announced that Addition Financial had extended their naming rights for the facility through 2034. The 12-year extension is worth $20 million. Events The arena holds different types of events every year. In 2013, the arena hosted 356 events and served 394,121 attendees. It ranked fifth in university venues in the U.S. in 2014 in terms of gross ticket sales and attendance. Entertainment Addition Financial Arena has hosted concerts by high-profile musicians such as Lady Gaga, Katy Perry, Elton John, Drake and more. The arena also served as the venue for the University of Central Florida's series of annual entertainment events for their students like the Homecoming Concert Knight, Comedy Knight, KnightFest or Pegasus Palooza. | July 23, 2022 || Big Time Rush || See also Greater Orlando List of NCAA Division I basketball arenas References External links UCF Athletics Athletics website University of Central Florida School website Satellite view from Google Maps College basketball venues in the United States UCF Knights basketball Sports venues in Orlando, Florida Music venues in Orlando, Florida Sports venues completed in 2007 Music venues in Florida Basketball venues in Florida 2007 establishments in Florida Indoor arenas in Florida Populous (company) buildings