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NIL

NIL is changing college sports; for better or worse?

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It’s been nearly four years since the NCAA enacted a new policy allowing college athletes to profit from their name, image and likeness, and just a few weeks since a federal judge opened the door for college athletic departments to pay athletes directly.

Much of the details are still being worked out in the courts. Key components like roster limits, scholarship limits and payment pools are still up in the air.

As is a governing body to oversee all of these new rules, since most current regulation is a patchwork of state laws, legal settlements and NCAA rules.

But, we are starting to see the impacts of college athletes getting paid – and what it means for the enterprise as a whole.

Depending on who you ask, the historical shift is: long overdue for athletes who’ve spent thousands of hours grinding for their craft; late to the party in terms of global sports; the official death certificate for amateurism and the “student” side of “student-athlete”; or, an inevitable reality that has to run wild before it gets reined in and regulated.

To the league itself, it’s a positive step.

When a judge granted preliminary approval for a framework for schools to pay athletes, NCAA President Charlie Baker said it would “help bring stability and sustainability to college athletics while delivering increased benefits to student athletes for years to come.”

The push for college athletes to get paid spans decades, with legal challenges and legislative efforts dating back to at least the early 2000s. Which is surprising, considering the NCAA has been a multi-million dollar industry for several decades, and a multi-billion dollar industry for about a decade.

That disparity is due to the idea of “amateurism,” a word many experts and analysts use when they cite concerns about completely commercializing college sports. That idea goes back more than a century, to 1800s England, where sports were only for the wealthy, and the working class didn’t want them to be able to pay their way to victory.

“I don’t want to say [amateurism] is going to die, but it will certainly be the commercial aspects that are going to permeate,” said David Hedlund, the chairman of the Division of Sport Management at St. John’s University. “I think we’re going to see and hear less and less about amateurism, and college sports are going to look more like professional sports, or a training ground for professional sports.”

The idea that sports are for enjoyment and the love of the game rather than money is a noble one. And players can love the game and make money off their talents at the same time.

But many experts say amateurism has long been dead; the NCAA was just, for whatever reason, the last organization behind the International Olympic Committee to let it die. It’s part of an effort to keep pace with the rest of the world. Overseas soccer and basketball players are spotted when they’re 12 to 14 years old, and go pro when they turn 18.

“We’re in a global marketplace,” said Matt Winkler, a professor and program director of sports analytics and management at American University. “We sort of have to keep up with the other nations if we want to strive and have those great moments in sports for our Olympic teams and our World Cup teams and so forth.”

Coaches have long been compensated, and universities have long profited off their sports teams.

“The money has always been there. It’s just a lot more front-facing now, I think, than it’s been in the past,” Hedlund said.

Some sports analysts say it was quite front-facing in this year’s NCAA Men’s Basketball Tournament.

March Madness was devoid of any significant upsets or Cinderella teams. For the first time in five decades, every team that made it to the Sweet 16 came from a power conference, including all four No. 1 seeds and all but one No. 2 seed.

And, every team that made it to the Final Four was a No. 1 seed.

ESPN analyst Stephen Smith said NIL deals and the now no-limits transfer portal are to blame for why mid-major programs didn’t see much success, and top-tier schools prevailed.

“If there was no NIL, if there was no portal and you have the mid-majors go 0-6 in the second round, please, we ain’t sweating that,” Smith said. “But when you’re able to point to rules that have been implemented that ultimately shows itself to have inflicted upon the game itself, that’s dangerous.

“College basketball as we knew it – which, to me, is all about March Madness – will cease to exist. Because there’s no madness.”

Experts say there is a serious question mark about the current state of how much colleges can pay to entice players, and how many times players can be enticed enough to transfer.

But not all believe it has to be the death of March Madness or competition in college sports. After all, there’s still Division 2 and 3 universities.

Richard Paulsen, a sports economist and professor at the University of Michigan, said it’s hard to gauge the impact of NIL deals and the transfer portal on competition. Because while the top ten or so power schools may be able to offer the most money to the elite players, there’s still a lot of talent out there.

“The top schools have an advantage in getting the A-level talent, but some of the players that might have sat on the bench at a top school previously could be enticed away with NIL money coming from a second tier school,” Paulsen said. “So I think the impact on competitive balance is maybe a little bit less clear.”

Paulsen says, as a professor, he is worried about the impact NIL deals – particularly million-dollar ones – can have on the students themselves, some 18, 19, 20 years old. It raises the question, does a teenager or young adult need this much money?

Shedeur Sanders is 23 years old, and his NIL valuation at the University of Colorado was roughly $6.5 million. Granted, he’s the son of NFL Hall of Famer and head coach for Colorado Deion Sanders.

But, his 2024 stats were top five in completion percentage, passing touchdowns and yards. Several analysts had him as the top prospect in the 2025 NFL draft, but he slid down to the fifth round, shocking much of the sports world.

Various reports place blame on other reasons – maybe he took more sacks than he should have, maybe NFL executives see traits we can’t see, maybe he bombed interviews with the managers, maybe it had to do with his Hall of Famer dad. And he certainly wouldn’t be the first prospect to get picked later than expected and prove all the teams that passed over him wrong.

But, he’s also losing money by going pro. The iced out, custom “Legendary” chain he wore on Draft Day reportedly cost $1 million.

“It is at least worth noting that five years ago, he wouldn’t have had the online presence that he had, and that could have turned off some NFL teams,” Paulsen said. “Without being in the rooms, I don’t know if it did, but that is possible, and it’s not something that would have been possible even five years ago.”

It begs the question, is it even worth going pro for these top-tier college athletes with insane NIL deals?

In the NBA, new data shows it may not be. The league announced last week just 106 players declared early for the 2025 draft. It’s the fewest since 2015. The number typically hovers around 300.

The drop in early entrants could be lingering effects of the extra COVID year.

But, next year, ten schools will pay their rosters somewhere in the neighborhood of $10 million, including several million dollars per top player. That’s far more than the players would make if they were a second-round draft pick in the NBA.

Winkler said the combination of competitive rosters and the scope of these NIL deals has more to do with this drop in early declarations.

“These deals are getting so big that unless you’re going to be a first round draft choice, maybe if you’re going to be kind of a lottery pick or a top 10, 15 pick, it would be better for you to exhaust your eligibility on a major team, because you’re going to make more,” he said.

So, it might be financially advantageous for athletes to wait on the pros. Some announcers were even suggesting Sanders should go back to college if the NFL didn’t deem him ready for the show. (NCAA rules prohibit him from doing so anyway; he declared for the draft and signed with an agent).

But what about the fact that these players, who become millionaires, are still students?

Schools are working to provide resources for these athletes so they can get advice on what to do with their wealth, so that they don’t spend it irresponsibly. Which is not to assume all of them would; it goes without saying this money could greatly benefit an athlete who grew up in poverty and change the trajectory for his/her family.

But Paulsen says he worries about the “student” side of “student-athlete” when we start talking about millions upon millions of dollars and students transferring to whichever school offers them the most. Sometimes credits don’t transfer; sometimes players could feel pressure to fulfill their NIL commitments over their studies, when the stakes are that high.

At a young age, these players are under an unprecedented amount of pressure, from their coach, from their family, from their financial adviser, from social media, from broadcast exposure, from stakeholders, from the tens of millions of people who can now legally bet on them.

“Players should be able to leave bad situations, absolutely, and I certainly support players’ autonomy and chasing financial benefit from their athletic talents,” Paulsen said. “But if we’re going to call them student athletes, we should have some emphasis on the student part of that too. Some of these rules that are helping the athlete are hurting the student.”

One of those rules, he says, is the transfer portal. But in addition to harming the students’ academic careers, experts say this also takes a toll on teams and fans of those teams.

Take Nico Iamaleava for example. The star quarterback abruptly parted ways with Tennessee over an alleged compensation dispute with the school’s collective. He demanded an NIL readjustment to $4 million to keep playing for the Vols, and when they said no, he transferred to UCLA, though it’s unclear if they met his demands.

The exit shocked his teammates in Knoxville, with one of his receivers and defensive backs, Boo Carter, telling reporters, “He left his brothers behind.”

But the new pay-to-play system does also beg the question of school loyalty, not just for the players, but the fans too.

Paulsen says roster continuity, players spending all four years playing for one team, has been an endearing feature of sports like women’s college basketball, when you look at the legacies, for example, Caitlin Clark built at the University of Iowa, or Paige Bueckers at the University of Connecticut.

“I do think there’s definitely some extent to which all this player movement can have negative consequences,” he said.

But, some experts doubt fans of teams need to see the same or similar team year to year.

After all, this past NCAA Men’s March Madness Championship between Florida and Houston – the one ESPN’s Smith said featured no madness at all – scored 18.1 million viewers on CBS. That’s up 22% from last year’s championship, and the biggest audience since 2019.

The Final Four games, featuring all No. 1 seeds, ranked as the most-watched games in eight years.

In other words, so far, so good when it comes to college sports fandom.

One thing broadly agreed upon among experts is that competition must remain intact. The Florida-Houston matchup was a nailbiter.

“The biggest thing that would kill sports is if there is no competitive balance,” Hedlund said. “It is known when you have a really great team being a not-so-great team, if the great team probably will win, people don’t want to watch.”

People still appear to be watching. If they stop, one could assume the NCAA would change its course, or it’d be out of all its money too.

Plus, these experts expect regulation soon – possible measures like transfer restrictions, collectively bargained salary caps, conference realignment to avoid concentration, turning athletic departments into LLCs, putting degree completion into bylaws and evening out the number of roster spots, among other rules.

Experts say: be patient, wait for the legal fights to run their course, and wait for the brightest minds in sports – and Congress – to come up with a solution that pleases the players, teams, coaches, schools and fans.

“This is fundamental to the success of sports, so we just need to figure out what rules, what regulations, what governing bodies, how do we facilitate this?” Hedlund said. “We don’t want to ruin sports. That’s what’s at stake here.”

Winkler says it all comes down to the most “hardcore” stakeholders: fans and alumni. If the SEC and Big 10 just ganged up and created their own Premier League and college sports turned into checkbook sports, it could threaten that school pride.

“This year, we definitely saw cracks in the system,” Winkler said. “If the best athletes just go to the top, are [fans] rooting for an inferior product? Are they still going to have that affinity for their school, their team, their degrees, and people that are doing it? This is really going to test that.

“[Schools] have two key pressure points: keep getting a lot of money from TV so you can fund your athletic department, and keep alumni, fans and donors still feeling as engagedThere’s a lot to be worked out in the next several months and probably the next year to really get a boiler plate idea of what the rules and regulations need to be.”



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Pay To Play: University Of Wyoming’s Battle To Remain Division I In An NIL World

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Late one night, Sundance Wicks scrolled through a spreadsheet containing 3,500 names. 

The Gillette native and University of Wyoming men’s basketball coach was hunting for something his competitors might not see — a player hidden in plain sight, undervalued by the market, waiting to be discovered.

He applied an algorithm designed to identify under-the-radar talent, as described in the best-selling book and hit 2011 film “Moneyball” starring Brad Pitt about how the Oakland A’s built their rosters with players no one else wanted.

Wicks found Damarion Dennis at Texas A&M Corpus Christi. 

A freshman backup averaging seven points in 17 minutes per game, he wasn’t a starter and he played at a backwater school. Every other team in the Mountain West Conference likely scrolled right past him.

But the algorithm told Wicks a different story.

“We looked at the numbers and we recruited him as a human being, knowing that he loves to compete,” Wicks said. “He wanted to come up a level and play more minutes at a competitive place, willing to take less money because he wanted to come up a level. 

“And he was the most efficient player in the transfer portal, per the money that he could make.”

Heading into 2026, this is the reality facing the University of Wyoming: To maintain its major Division I basketball and football programs, it needs to generate revenue that is then paid to players.

As much as that disappoints many UW alumni, there is no turning back, according to Wicks and others adapting to the pressures of professional college sports in the age of Name, Image and Likeness deals that have turned college athletics into a pay-to-play system. 

As NIL money reshapes college athletics, the state's only Division I program turns to analytics — and a Gillette native's vision — to compete against schools with deeper pockets. It’s a new pay-to-play landscape for the University of Wyoming. Men's basektball coach Sundance Wicks found Damarion Dennis at Texas A&M Corpus Christi using a "Moneyball" approach.
As NIL money reshapes college athletics, the state’s only Division I program turns to analytics — and a Gillette native’s vision — to compete against schools with deeper pockets. It’s a new pay-to-play landscape for the University of Wyoming. Men’s basektball coach Sundance Wicks found Damarion Dennis at Texas A&M Corpus Christi using a “Moneyball” approach. (University of Wyoming Athletics)

Compete With The ‘Big Dogs’

The question is whether Wyoming can compete with programs that have far deeper pockets — and whether an approach borrowed from professional baseball can help level the playing field.

“Look at the movie ‘Moneyball,’” Wicks said. “It’s a great movie. Every time you watch, you get goosebumps because you’re going, ‘Man, every one of us can relate to being the Oakland A’s at some point in their life where we’re having to compete against big dogs.’”

Wicks digs into his spreadsheet, crunching numbers like minutes played, effective field goal percentage, turnover percentage, rebounding, steals, blocks — all the things that indicate whether a player helps a team win, not just whether he scores points.

“We look at the person over the position,” Wicks said. “We always preach minutes over money because I still think valuing to play the game of basketball should reign supreme. 

“And if you’re finding a kid or a player that’s worried about money over minutes, then he’s probably not very competitive.”

With Dennis, Wicks said Wyoming found exactly what it was looking for. 

“This is a guy we have to have,” Wicks recalled thinking. “We believe that he can come in and help Wyoming win while nobody else will value him.”

Here’s the question that keeps Wicks and others at UW up at night: Will athletic talent continue to value the University of Wyoming when other, better-financed schools offer bigger paydays? 

Now that Division 1 athletes are able to profit from their Name, Image and Likeness (NIL) and revenue sharing with their chosen school, is the “Moneyball” approach enough to maintain a winning edge? 

Will Wyoming keep up as rivals like Colorado State and BYU build war chests to pay for top players?

Shifting Landscape

Athletic Director Tom Burman has watched Wyoming’s position evolve rapidly since NIL became legal in 2021, and again after the landmark House v. NCAA settlement opened the door to direct revenue sharing this past July. 

Initially, the response from Wyoming donors was discouraging.

“We struggled from the time NIL started really in ’22 until the end of June this past year,” Burman said. “We struggled getting people — Wyoming fans, alumni, donors — to invest in the collective or provide money through our third-party portals. It’s just not something Wyoming people embraced.”

The resistance, Burman believes, reflects regional culture. 

“It’s kind of funny. You look at schools around the country that had success with those things,” he told Cowboy State Daily. “The areas along the coast did really well with it — the Californias, the Washingtons, Oregons. 

“The middle of America struggled with it. I think it has a little bit to do with a conservative nature and style. They just were like, ‘I’m not sure who I’m giving this money to. I don’t feel comfortable with it.'”

But attitudes are changing. 

“Now we are seeing people say to us, ‘OK, if I can give the money to Cowboy Joe (the UW booster club), I’ll up my annual Cowboy Joe donation,’” Burman said, adding an optimistic spin. “If you ask me where we are a year from now, we’ll have caught up significantly to our competition.”

The structural disadvantages, however, remain. UW is an isolated school and the state lacks the corporate base that funds competitors. 

“I was just visiting with some people in San Diego,” Burman said. “There’s companies there that have $3- or $4-million ad budgets. For them to spin off 10% to support the Aztecs is kind of a no-brainer.

“In our case, a big ad budget for a company in Wyoming is $500,000 to $600,000. So they spin off 10%, that’s $50,000. It helps, but it doesn’t change the formula.”

Just Business

When Josh Allen returned to Laramie in November for his jersey retirement, Burman had a chance to discuss the NIL landscape with Wyoming’s most famous football alumnus.

“He’s like, ‘I didn’t have it,’” remembered Burman, noting how Allen’s college career ended before pay-for-play kicked in. “He didn’t say he doesn’t like it. He just — it’s just weird to him.”

Allen’s perspective mirrors that of many former players.

“Guys like him see what the business side of football is,” Burman said. “I’ve had this conversation with Frank Crum and Dewey Wingard. They’re like, ‘You know, this is business. It’s not nearly as fun anymore.'”

That business reality has Burman contemplating scenarios that would have seemed unthinkable a decade ago.

The best outcome is Wyoming develops what Burman called “a really magical scenario” where Wyoming leverages all it has to offer — great degree programs, a cool college town and enough money for players so top talent keeps picking UW. 

As NIL money reshapes college athletics, the state's only Division I program turns to analytics — and a Gillette native's vision — to compete against schools with deeper pockets. It’s a new pay-to-play landscape for Athletic Director Tom Burman and the University of Wyoming.
As NIL money reshapes college athletics, the state’s only Division I program turns to analytics — and a Gillette native’s vision — to compete against schools with deeper pockets. It’s a new pay-to-play landscape for Athletic Director Tom Burman and the University of Wyoming. (University of Wyoming Athletics)

How To Stay Division I

This allows the Pokes to continue to be competitive against its rivals and prevents UW from dropping down into the Football Championship Subdivision of Division 1 play where the Big Sky Conference and teams like Montana and Idaho compete. 

Instead of dropping down, Burman envisions another possible scenario. Like other fans and officials across college sports, Burman wonders about a future where Wyoming always has a shot at playing at the highest level.

To do that, a productive combination of smart recruiting and revenue generation needs to blossom for UW, he said.

Burman also recognizes that fans could see, “The top 40-ish spin off — basically the Big Ten, SEC. And they invite a few others that have great television markets and maybe some with great traditions, but a lot will be left out. 

“Whether that number is 40 or 60, I don’t know. But I think that happens someday. And then the rest of us recalibrate and build what I would call a more traditional college model.”

A relegation system, similar to European soccer, could be looming on the horizon. 

“There could be a relegation model created for Division I athletics, even within conferences,” Burman said.

In such a scenario, the current Football Championship Subdivision — home to Idaho State, Montana State, North Dakota State — could merge with programs left out of the super league. 

“Maybe there’s a scenario where the level of play goes up because all of these teams that got left out of the top 40 Premier League come together,” Burman said.

In the meantime, Burman and the rest of UW’s athletic department want to remain competitive as television revenue and the financial side of college sports continues to reshape football and basketball. 

“We have 400 student athletes here at the University of Wyoming, and revenue sharing might really affect a small portion of that,” said Alex Jewell, UW’s assistant athletic director for development. “The majority of our student athletes are the same student athletes that were here 10 years ago, 15 years ago, 30 years ago.”

The rising costs affect everyone, though. 

“Scholarships cost more than they did 20 years ago,” Jewell noted. “Nutrition, team travel, uniforms.” 

Then there’s health insurance and travel. 

The goal isn’t just recruiting, he said, it’s retention.

“If we can help them with revenue sharing, in conjunction with all the other great things that we think we excel in compared to some of our competitors — like our class sizes, like our educators, like the coaches we have here, like the fan base we have here — all of those things, combined with some revenue share, helps us retain some great student athletes,” Jewell said.

Cultural Resistance

For all the urgency from athletics officials, a stubborn resistance among some Wyoming fans complicates the path forward, according to those keeping tabs on the intersection of money and athletic talent drawn to Laramie. 

“A lot of fans, especially the older ones, are really late to the game,” said Cody Tucker, founder of 7220Sports.com and one of the state’s leading voices on Cowboys athletics. “They’re still in the mindset like, ‘Hey, these guys have scholarships, they get free room and board.’ They do not want to pay players.”

Tucker recalled hearing about a donor who made a $15,000 contribution to the Cowboy Joe Club, designating $5,000 for NIL. The donor had one stipulation: “I don’t want to hear about it. I don’t want to know who it goes to.”

“Some people just cannot live with the idea that they’re paying a player and giving them a scholarship,” Tucker said. “I get the sentiment. But it is what it is, man. You either get on board or you’re going to get left behind.”

The resistance extends to corporate partnerships. 

When Wyoming announced a $90,000 sponsorship deal with Ramos Law, a Denver-based firm with an office in Cheyenne, to put its name on the 25-yard lines for the final home game, fans revolted, calling the attorney an “ambulance chaser” and complaining about Colorado money on their sacred field.

“You can’t have it both ways, man,” Tucker said. “It’s the new order.”

Fans don’t always know what they missed, Tucker noted, as recruiting battles play out and Wyoming loses quietly. 

“There’s another school that offered more,” he said. “Those are the stories we don’t often hear.”

Tucker noted structural advantages enjoyed by rival Colorado State, home to around 34,000 students.

“Wyoming has, like, 11,000,” he said. “Those student fees alone are incredible.”

How might UW close this funding gap without hiking student fees in Laramie? A booster in Gillette has a plan. 

A Tourism Tax For Athletics?

Alan Stuber, a Gillette Police Department patrol officer and lifelong Wyoming fan, has a novel idea that he believes holds promise. 

“What I want to do is find somebody in the Legislature that would be willing to sponsor a bill to come up with some sort of resort tax,” Stuber said. “So, you would hit like the Brush Creek Ranch down in Saratoga or your big resorts in Jackson. 

“If there was some sort of a resort tax, it doesn’t come out of my pocket unless I go stay there.”

Stuber, who wrestled in college at Dakota Wesleyan and remains a diehard Pokes booster across several sports, understands the political challenge in tax-averse Wyoming. 

Campbell County, he noted, “is the only county in the entire state that doesn’t have a local lodging tax.”

But as a father who travels around Wyoming for his kids’ activities, Stuber sees the appeal. 

“I am more than happy to spend $20 a year on that tax staying in Casper, staying on the other side of the mountain for football, for wrestling, for swimming — and have that money go towards NIL,” he said. 

The best part in Stuber’s mind? Visiting fans would fund Wyoming’s competitiveness.

“How great would it be to sit there and shake these people’s hands and say, ‘Hey, thanks for coming. Thanks for traveling with your team to Laramie,'” Stuber said. “Oh, yeah, by the way, because you’re staying here, you’re getting taxed. You’re paying our players to play against you.”

Thunder Model

Back on the hardwood in Laramie, coach Wicks has built a payment structure modeled on one of the NBA’s most analytically sophisticated franchises: the Oklahoma City Thunder.

“The Oklahoma City Thunder are a great team to study,” Wicks said. They use what’s called the Gini coefficient, which is named after an Italian statistician. 

Wyoming’s basketball budget this year started at roughly $550,000 for a roster of up to 15 players. 

“All our guys sign non-disclosure agreements,” Wicks said. “That’s a big deal for us to have in these days, because I think that’s the first thing that becomes divisive in the locker room.”

Under the Gini coefficient, the best player on the roster makes 20% of the budget. 

“The next best player makes 18%, the next 16, so on and so on all the way down,” Wicks said. “Because if you overspend for one player, then you hurt the back end of your roster. And your chance to be successful drops if injury happens.”

For a program operating with such constraints, every dollar matters, and so does knowing what opponents are spending.

“Every single team that we play outside of Air Force — because Air Force is government — has a bigger budget,” Wicks said. 

When asked about upcoming opponent Grand Canyon University, he offered a stark assessment: “They’re a for-profit university. I’ll be completely honest with you. I don’t know the exact numbers, but they may have the most expensive roster in the Mountain West.”

Wyoming, by contrast, may have “one of the least expensive rosters at the mid-major-plus level,” Wicks said. “And we’re producing results. That means we’re doing our job.

“We’re a conservative, fiscally conservative state,” he said. “We spend wisely around here. And that’s why I say it’s a value-based approach to all this stuff. There has to be value for us. There has to be value for them. And then we have to meet in the middle somewhere to make sure this all works out.”

David Madison can be reached at david@cowboystatedaily.com.



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College Football Transfer Quarterback Market Could Reach $5 Million This Offseason

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As programs across the country begin to settle into the NIL and revenue-sharing era of college athletics, it’s clear that the annual pay of key positions on the field is starting to take shape.

That’s especially true, of course, at the quarterback position, where ESPN’s Pete Thamel says that the annual pay in the transfer portal could approach all-time highs at the top of the market.

“I made some calls today, guys. Sources told me that the tip top of this quarterback market financially could reach $5 million for one season,” Thamel said in a College GameDay hit on Friday night.

Thamel mentioned where some of the biggest names on the market are trending, including Cincinnati quarterback Brendan Sorsby, TCU’s Josh Hoover and Nebraska’s Dylan Raiola.

“Sorsby’s been linked early to Texas Tech. Dylan Raiola there’s some smoke to Louisville, although maybe a playoff team jumps in late there. There’s been some early links between Indiana and Hoover, assuming that [Fernando] Mendoza goes pro.”

Thamel emphasized that supply and demand for the most important position on the field is driving prices up to historically high levels.

It’ll be interesting to see where the top players eventually land.

More College Football on Sports Illustrated





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Wisconsin’s new $104.5 million Under Armour deal could help launch athletics into NIL-era

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The University of Wisconsin-Madison and Under Armour agreed to a 10-year, $104.5 million apparel relations extension on Nov. 24, retaining UA as the Badgers’ exclusive outfitter and injecting new funding into NIL.

The partnership with Under Armour first started in 2015 with the Badgers men’s basketball run to the Final Four. In the decade since, Athletic Director Chris McIntosh considers Under Armour one of the university’s “most valued partners.” 

In the recent history of Wisconsin football, the Badgers have struggled to compete with other Big Ten foes during the NIL era of college athletics. Since NIL was implemented into college sports in 2021, Wisconsin Football has experienced difficulties with gathering the funds necessary to recruit high-end talent. 

Under Armour’s sponsorship aims to help the Badgers further adapt to the NIL era of college football, including the transfer portal by giving the Badgers the ability to acquire great talent throughout the rest of the country. The contract contains a “starting sum of $175,000 annually”, that will continue to rise, to reward NIL contracts to Badger athletes. Under Armour is not only providing the Badgers with NIL, but they are also providing brand and business opportunities for UW athletes. 

In order to achieve success in the modern college football landscape, programs have to devote more monetary rewards than just scholarships to athletes. For example, the defending national champion Ohio State Buckeyes spent around $20 million in NIL on their program

In comparison to the Buckeyes, Wisconsin’s football budget is significantly less. After another abysmal football season and ranking towards the bottom of the Big Ten in NIL funds, this renewed contract with Under Armour will help catapult Wisconsin into the top half of the conference in NIL funds. 

Under Armour sponsors other notable football programs like Notre Dame and Texas Tech. These two football powerhouses — who finished the regular season  in the mix for the College Football Playoff — have seen direct benefits, such as new apparel, more flexibility, and better morale within their respective programs from their sponsorships with Under Armour. 

In a new era of collegiate athletics, the Badgers have found themselves trailing not just the Big Ten, but most Power-4 programs throughout the country as well. While their sponsorship with Under Armour doesn’t fix everything, it is definitely a step in the right direction for the future of Wisconsin Athletics. 

The Daily Cardinal has been covering the University and Madison community since 1892. Please consider giving today.



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No. 1 transfer portal quarterback predicted to join major college football program

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The NCAA transfer portal will feature hundreds of players across all levels of college football in the 2026 offseason.

Prominent quarterbacks have begun to declare their intent to enter the transfer portal in the weeks before it opens. DJ Lagway, Josh Hoover, Rocco Becht and Dylan Raiola are among the Power Four quarterbacks who will be at a new school in 2026.

One of the first Power Four quarterbacks that decided to enter the transfer portal was Arizona State quarterback Sam Leavitt. He will have two seasons of eligibility at his next school.

One program linked to Leavitt when he enters the portal is Oregon. Leavitt is from West Linn, Oregon, just south of Portland and an hour and a half drive from Eugene by interstate highway.

Oregon has not started a quarterback that it recruited from high school for an entire season since Justin Herbert in 2019. Bo Nix, Dillon Gabriel and Dante Moore (transferred back) all came to the Ducks via the transfer portal.

The 6-foot-2, 205-pounder began his college football career at Michigan State in 2023. He played in a maximum of four games to keep his redshirt for the Spartans, passing for 139 yards, two touchdowns and two interceptions on 15-of-23 passing.

Sam Leavitt throws the ball in Arizona State's game against Houston.

Arizona State Sun Devils quarterback Sam Leavitt (10) | Mark J. Rebilas-Imagn Images

Leavitt transferred to Arizona State in the 2024 offseason. He started every game for the Sun Devils while accumulating 2,885 passing yards, 24 touchdowns and six interceptions while rushing for 443 yards and five touchdowns en route to their Big 12 Championship victory and subsequent College Football Playoff appearance.

The Big 12 named Leavitt its Freshman of the Year and Second-Team All-Big 12 for his heroics. The conference also named him as its Newcomer of the Week on multiple occasions. He finished 2024 with the most passing yards by a freshman in a season in Arizona State history.

Leavitt’s 2025 season was cut to just seven games due to injuries. He passed for 1,626 yards, 10 touchdowns and three interceptions while rushing for 306 yards and five touchdowns.

The Sun Devils will not start Leavitt in their bowl as he has declared his intent to leave. Arizona State (8-4, 6-3) will face ACC champion Duke (8-5, 6-2) in the Tony the Tiger Sun Bowl in El Paso, Texas on Dec. 31 (3 p.m. EST, CBS).

The NCAA transfer portal will officially open for all college football players looking for new destinations on Jan. 2, 2026. The portal will stay open until Jan. 16, 2026.



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NIL

This college football team is creatively approaching NIL like NFL free agency

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The way college football operates in the NIL/revenue-sharing era has moved a lot closer to the NFL model, and one high-profile program is acknowledging that in a very public way.

USC has been announcing on social media that players have “re-signed” with the program, essentially acknowledging that all college football players are free agents each year now, thanks to the transfer portal and the ability to chase better compensation elsewhere.

A big one for the Trojans this week was quarterback Jayden Maiava’s decision to return to USC rather than pursue the NFL draft this year or a bigger payday from another school, but USC has publicized the return of more than two dozen players in this way — from starters to little-used freshmen and even its kicker.

Coach Lincoln Riley was asked about this new approach for his program.

“I think that’s something that should be celebrated. In this day and age, it’s almost more like an NFL team. Like, it’s an accomplishment to be welcomed back, and then on top of that, when you do have that option, it’s something that should be celebrated by a school or a program that somebody wants to continue on what’s being built or what they’ve already started at that place,” Riley said.

“… It’s changed so much on all accounts. It’s changed a lot for the players. It’s obviously changed a lot for us.”

USC overhauled its player personnel/recruiting department a year ago by hiring general manager Chad Bowden away from Notre Dame and building a new staff for him. Bowden has a reputation for thinking outside the box, so this was likely an idea that he and his staff came up with for the Trojans.

College football analyst Adam Breneman chimed in with his thoughts on USC’s “creative” approach to roster management.

“To me, USC has always been known for creativity. They’re in Los Angeles, the creative capital of the world, that’s where great things happen, and a great job here by USC’s creative department, having this idea. I think we’ll see teams around the country copy this, announcing the re-signing of players to new contracts for the upcoming season with NIL and rev-share deals,” Breneman said.

“Chad Bowden, the USC general manager, is ahead of his time. He’s innovative, he thinks forward, he’s proactive, and his staff clearly has something here, really great with announcing the re-signing of the roster at USC. What a great idea.”

USC may have indeed started something with this, as Missouri announced the return of star running back Ahmad Hardy in the same way.





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College Football Playoff is here, but sport’s soul is gone

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Amid the spectacle of the College Football Playoff’s opening weekend — and the nagging sense that we’re watching a sport we no longer love — here’s the uncomfortable question no one in power seems eager to answer:

Is college football slowly turning off the very fans who built it?

The other day on our radio show, we asked a simple poll question: “What’s your excitement level for this year’s College Football Playoff?” The result wasn’t close. The runaway winner was: “Mild at best.”

No, it wasn’t a scientific poll by any means. But it was taken in a college-football-crazed state, in a city that hosts three bowl games, from listeners who have spent decades scheduling fall Saturdays around kickoff times. These are not casuals. These are the lifers.

And they sound tired.

College football has always thrived on passion — irrational, inherited passion. We fell in love with this sport because we were loyal to our hometown or home-state schools. Because our dads and moms went there. Because our grandparents wore the colors. Because even when our teams were bad, they were ours. We believed players loved our schools the way we did. We believed coaches were stewards of something bigger than themselves.

That belief is gone.

What we’re left with now is a sport that feels increasingly transactional, untethered from its own history, and openly hostile to the idea of loyalty. The transfer portal and NIL didn’t just change college football — they rebranded it. Players are no longer student-athletes growing into men within a program; they’re year-to-year contractors shopping their services to the highest bidder. And coaches are no longer culture builders; they’re free agents with obscene contracts and super-agents who are already negotiating new deals with new teams by midseason.

Lane Kiffin didn’t even wait for the College Football Playoff selection committee to put his Ole Miss team in the 12-team field before bolting for his next big job. Think about it: the head coaches from three CFP teams will be elsewhere next season, meaning in the most important tournament in the sport that a quarter of its leaders already had one foot out the door before the playoff even started.

That’s not continuity. That’s chaos.

And the collateral damage is everywhere. Bowl games — once the measuring stick of success — are now disposable. This year alone, Notre Dame opted out because it got snubbed by the CFP committee while Kansas State and Iowa State opted out because they lost their coaches. Bowls used to mean something. They were a reward, a destination, a final chapter. Now they’re an inconvenience.

Missouri coach Eli Drinkwitz didn’t mince words when he said earlier this week: “College football is sick.” He warned that the sport is “cracking” — not metaphorically, but structurally. Rules without consequences. Participation agreements nobody honors. Tampering without punishment. Freedom without guardrails.

UCF coach Scott Frost went even further. He said the quiet part out loud: “It’s broken.” And for that honesty, he was attacked. Not because he was wrong — but because he threatened those who benefit from the disorder. Frost described a world where participation agreements are ceremonial, salary caps are fiction and booster money determines competitive balance more than coaching or development ever could.

That’s not college football. That’s the NFL without contracts, unions or rules.

Minnesota coach P.J. Fleck summed it up best: “College football does not have any of what the NFL has in place. … I don’t think the general public actually knows what it looks like when you peel back the onion.”

And that’s the point. Fans (and coaches) are finally peeling it back — and they don’t like what they see.

Conferences now stretch from coast to coast, stripping the sport of its regional soul. Rivalries that once defined generations are disappearing in favor of television windows. Which brings us to a fair question for UCF fans: With USF no longer on your schedule, who’s your big rival? Answer: You don’t have one.

A sense of place used to matter in college football. Geography mattered. Identity mattered. Tradition mattered. Now everything is optimized for TV inventory and gambling markets.

Don’t get me wrong, college football is still idiot-proof. It will march on. ESPN needs the programming. Sportsbooks need the content. Saturdays will still be filled with games, spreads and parlays. The machine will not stop.

But what happens when the true fans — the ones who stayed and cheered through the losing seasons, NCAA sanctions and decades of irrelevance — start checking out emotionally? When excitement becomes obligation? When loyalty feels foolish?

We’re already seeing the signs. Fans less invested in bowls. Fans less connected to rosters that turn over annually. Fans who no longer recognize their own conferences. Fans who watch out of habit, not hope.

This isn’t about opposing player compensation. Players deserve to be paid. It’s not about nostalgia for unpaid labor or closed systems. It’s about structure, fairness and meaning. A sport without rules isn’t freedom — it’s anarchy. And anarchy is exhausting.

College football was never supposed to be perfect. It was supposed to be personal. It was supposed to mean something beyond the scoreboard. It was supposed to connect campuses, communities and generations.

Right now, it feels like a sport in disarray where even coaches and administrators are just  hopeless spectators to its unraveling. It’s so bad that they are begging the federal government to get involved. Can you name another multi-billion-dollar business that actively seeks governmental regulation?

The scariest part isn’t that coaches like Frost and Drinkwitz are speaking up.

It’s that we longtime fans are starting to quietly nod along and wonder why we’re still watching.

Yes, the College Football Playoff arrived this weekend and it’s never been bigger.

But, sadly, the sport itself has never felt emptier.

Email me at mbianchi@orlandosentinel.com. Hit me up on social media @BianchiWrites and listen to my new radio show “Game On” every weekday from 3 to 6 p.m. on FM 96.9, AM 740 and 969TheGame.com/listen

 



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