NIL
NIL world forcing Kentucky Wildcats sports into an LLC

With college athletics bracing for the expected approval of a $2.8 billion NCAA antitrust settlement, the University of Kentucky is believed to be the first school to convert its athletic department to a limited-liability holding company.
The creation of Champions Blue LLC, approved last week by the university’s Board of Trustees, is seen as a way for Kentucky to become more nimble in finding new revenue. The pending settlement in the House case will clear the way for schools to share up to $20.5 million annually with their athletes, but name, image and likeness deals on top of that are seen as a key asset in landing and keeping elite recruits — and that takes money.
The plan calls for a board that will have wide experience in fundraising, and the school noted it hopes to “unlock new revenue streams through public-private partnerships and potentially other transactions, such as real estate.”
“There are so many benefits to creating Champions Blue,” said Jacob Most, UK’s director of strategic communications. “It provides the flexibility needed to help us stay well-positioned during this period of continued evolution in college athletics. We will benefit from a new board of internal and outside experts with sports business experience — including in pro sports — that will help guide us in finding revenue streams to support our teams.”
The so-called House settlement and changing landscape were driving factors in the decision, and UK said in its announcement Friday that the changes “will add millions more each year to the expenses of intercollegiate programs.”
An LLC provides some legal protections against losses or risks, and experts said transitioning to one may be a wise choice for major institutions like Kentucky. Being able to make quicker choices in the current landscape could be a key benefit.
Extra title for Izzo
EAST LANSING, Mich. — Michigan State athletic director Alan Haller is leaving the school and deputy athletic director Jennifer Smith and men’s basketball coach Tom Izzo will serve as co-interim ADs.
University president Kevin Guskiewicz said Haller’s last day will be May 11. Guskiewicz did not disclose the reason for Haller’s exit. Haller was promoted from deputy athletic director in 2021. He played football and ran track at Michigan State and later worked 13 years in the school’s Department of Police and Public Safety.
NIL
Eli Drinkwitz details conversations with other coaches about challenges facing college football
Eli Drinkwitz is frustrated with a lot of aspects of the current world of college football, and he believes other coaches share that sentiment. The Missouri head man opened up about his gripes in a recent press conference, prompted by a question about the recent College Sports Commission finalizing a participation agreement with the power conferences.
The agreement ushered in the era of revenue sharing in college sports and put NIL guidelines on schools. But Drinkwitz believes there’s still more that needs to be done to come up with a system of rules that everyone can be happy with.
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“There’s a lot of coaches discussing it and frustrated, in my opinion,” he said. “I understand the national sentiment because of the salary ranges of head coaches, it feels like we’re complaining. But we’re really not. We’re trying to sound some warning bells. …The system that we’re in is really sick right now. College football is sick and showing signs of this thing really cracking moving forward, and we need to get something under control.”
Per the agreement, a copy of which was obtained by On3’s Pete Nakos, schools are required to waive their right to sue the CSC. Additionally, schools are to agree to the rules in place following House settlement approval, including roster limits and other NIL compliance rules.
If a school violates any of the rules in place by the participation agreement, they “shall be subject to fines, penalties or other sanctions for these matters,” the 11-page document reads. While punishments are not yet finalized, schools could lose out on conference revenue or receive a limited postseason ban if they – or other associated entities – file suit against the CSC.
But that’s not the only issue Eli Drinkwitz and other coaches are watching. The Mizzou coach also pointed to an ongoing lawsuit that could potentially grant a fifth-year of eligibility to numerous players, as well as the topic of tampering, which he claimed is not punished at all.
“I think we’re all waiting with baited breath trying to wait on what’s going to happen with this fifth-year lawsuit in Nashville, where you could have a flurry of fifth-year guys now being eligibile,” Drinkwitz said. “That would just throw a completely new wrinkle in the system. Tampering is at the highest level. There is no such thing as tampering because there’s nobody that’s been punished for tampering. Everybody on my roster is being called. I had a dad call me and say — and I called the head coaches at their schools — that, ‘This school and this school and this school called offering this much money.’ You’re putting a lot of pressure on young men.
“We’re paying them, as 1099 employees, a lot of money. We’re not offering any type of retirement. We’re not offering any type of health benefits. We’ve worked around the system and then tried to create that as the system instead of creating a functioning way moving forward and making sure that it works for everybody. Whether that’s collective bargaining, whether that’s making them employees, whether that’s antitrust legislation that protects the commissioner of the SEC or the NCAA from lawsuit, something needs to be done.”
Finally, Eli Drinkwitz invoked Nick Saban with his final point. He mentioned how, during meetings, Saban would always talk about making sure that his players were prepared for life after football, especially for those that didn’t end up playing in the NFL.
Drinkwitz believes that might be getting lost a bit with the worry about revenue and all the changes being made to increase it. But he stated that he got into coaching for different reasons, and knows many other who still feel the same way.
“A lot of us got into college athletics because we wanted to help these young men grow and develop, and I think we’re still doing that mission,” he said. “But it’s getting really hard because coach (Nick) Saban used to talk about all the time, creating value for yourself. When he talked about it, he wasn’t just talking about value for the NFL. He was talking about creating value for yourself with a college degree. You’ve lost that aspect of it.
“These guys are going to create tremendous value for themselves playing the game of football, and that’s awesome. We love that these guys are getting paid. I love that last week, these guys went out with their own money and bought gifts for Coyote Hill. But also, my job is to look at them three or four years down the road. How many of them are in a better position because they played football because they transferred four times? That’s just the system that we’ve created. Not all freedom is good freedom.”
NIL
Downtown Athletic Club of Hawai‘i Gives $300,000 to Boost the ’Bows NIL fund
The University of Hawai’i Athletics Department has received a $300,000 gift from the Downtown Athletic Club of Hawai’i (DACH) to support the Rainbow Warrior football program through the team’s Boost the ‘Bows Fund, which is set up to support UH Athletics’ ability to recruit and retain elite student-athletes.
The contribution is a major philanthropic commitment to the Football NIL fund and marks a significant milestone for UH Athletics as it adapts to the rapidly changing landscape of college sports.
College athletics has undergone a significant transformation in recent years with the emergence of Name, Image, and Likeness (NIL) programs, which allow student-athletes to receive compensation for endorsements, appearances, and other partnerships.
“University of Hawaiʻi NIL support is essential to retaining and recruiting top student-athletes who choose to represent the State of Hawaiʻi,” said UH head coach Timmy Chang. “In today’s collegiate landscape, NIL opportunities directly impact the current and future success of our programs.
“Donations from partners like DACH play a vital role in providing our student-athletes with the resources they need to compete at the highest level. With continued support from the community and donors, University of Hawaiʻi NIL can reach its full potential. Please support the University of Hawaiʻi NIL as we continue to build excellence and proudly represent the Pacific as the region’s No. 1 university.”
Over the past few years, DACH has been involved in supporting UH student-athletes with various NIL opportunities. As the landscape has continued to evolve, and with new guidelines now allowing the University to directly manage institutional NIL agreements with student-athletes, DACH has chosen to contribute the remaining funds directly to the Boost the ‘Bows Fund. This approach allows UH Athletics to administer NIL support in a centralized and coordinated way.
“This was a collaborative effort from several leading Hawai’i organizations, including aio, American Savings Bank, Central Pacific Bank, First Hawaiian Bank, Queen’s Health Systems, Hawai’i Pacific Health, HMSA, Island Insurance, and the Waterhouse Foundation, all of whom share a commitment to strengthening the future of UH Athletics.” said Brandon Kurisu, Vice President for DACH, which was formed in 2012 by the owners and top executives of trusted downtown Hawai’i businesses. “Boost the ‘Bows is a vital tool for building a strong, competitive program, and we’re proud to support the student-athletes who inspire our community.”
The framework for college athletics recently changed once again following the House v. NCAA settlement, which allows universities, for the first time, to enter into direct, institutional NIL agreements with student-athletes across all sports. This change gives athletics departments a crucial new tool to remain competitive in recruiting and retaining top talent, especially for programs like UH football that rely on homegrown athletes and statewide support.
“The Downtown Athletic Club’s gift is an investment in the future of our football program,” said UH Athletics Director Matt Elliott. “It helps us remain competitive and is the first of what we hope will be many commitments in this new era of NIL. A big mahalo to DACH for their generosity and commitment and support of our program.”
Businesses, organizations, and individuals interested in supporting UH student-athletes can learn more about the Boost the ‘Bows Fund and how they can get involved by visiting Support Our Team, Hawai’i’s Team.
NIL
Downtown Athletic Club of Hawaiʻi gives $300K to Boost the ’Bows NIL fund

The University of Hawaiʻi at Mānoa Athletics Department has received a $300,000 gift from the Downtown Athletic Club of Hawaiʻi (DACH) to support the Rainbow Warrior football program through the team’s Boost the ’Bows Fund, which is set up to support UH Mānoa Athletics’ ability to recruit and retain elite student-athletes.
The contribution is a major philanthropic commitment to the football NIL (Name, Image, and Likeness) fund and marks a significant milestone for UH Mānoa Athletics as it adapts to the rapidly changing landscape of college sports.

College athletics has undergone a significant transformation in recent years with the emergence of NIL programs, which allow student-athletes to receive compensation for endorsements, appearances and other partnerships.
“University of Hawaiʻi NIL support is essential to retaining and recruiting top student-athletes who choose to represent the State of Hawaiʻi,” said UH head coach Timmy Chang. “In today’s collegiate landscape, NIL opportunities directly impact the current and future success of our programs.
“Donations from partners like DACH play a vital role in providing our student-athletes with the resources they need to compete at the highest level,” Chang added. “With continued support from the community and donors, University of Hawaiʻi NIL can reach its full potential. Please support the University of Hawaiʻi NIL as we continue to build excellence and proudly represent the Pacific as the region’s No. 1 university.”
Over the past few years, DACH has been involved in supporting UH student-athletes with various NIL opportunities. As the landscape has continued to evolve, and with new guidelines now allowing the university to directly manage institutional NIL agreements with student-athletes, DACH has chosen to contribute the remaining funds directly to the Boost the ’Bows Fund. This approach allows UH Mānoa Athletics to administer NIL support in a centralized and coordinated way.
“This was a collaborative effort from several leading Hawaiʻi organizations, including aio, American Savings Bank, Central Pacific Bank, First Hawaiian Bank, Queen’s Health Systems, Hawaiʻi Pacific Health, HMSA, Island Insurance, and the Waterhouse Foundation, all of whom share a commitment to strengthening the future of UH Athletics,” said Brandon Kurisu, vice president for DACH, which was formed in 2012 by the owners and top executives of trusted downtown Hawaiʻi businesses. “Boost the ’Bows is a vital tool for building a strong, competitive program, and we’re proud to support the student-athletes who inspire our community.”
The framework for college athletics recently changed once again following the House v. NCAA settlement, which allows universities, for the first time, to enter into direct, institutional NIL agreements with student-athletes across all sports. This change gives athletics departments a crucial new tool to remain competitive in recruiting and retaining top talent, especially for programs like UH football that rely on homegrown athletes and statewide support.
“The Downtown Athletic Club’s gift is an investment in the future of our football program,” said UH Mānoa Athletics Director Matt Elliott. “It helps us remain competitive and is the first of what we hope will be many commitments in this new era of NIL. A big mahalo to DACH for their generosity and support of our program.”
Businesses, organizations and individuals interested in supporting UH student-athletes can learn more about the Boost the ’Bows Fund and how they can get involved by visiting Support Our Team — Hawaiʻi’s Team.
NIL
New college football program emerges as landing spot for Dylan Raiola
The arms race to sign Dylan Raiola is on, as the former Nebraska quarterback is reportedly poised to enter the college football transfer portal for the 2026 season.
A former five-star prospect, Raiola is expected to be one of the most prominent names in this year’s portal cycle, and one college football program is already interested.
Who is interested in Dylan Raiola?
Dylan Raiola has received interest from ACC hopeful Louisville, which has been in communication with the quarterback’s representatives, according to On3 Sports.
Other schools are believed to be in the mix for Raiola, but the Cardinals are actively scouting a potential replacement for Miller Moss as his college football career is coming to its conclusion after this season.
DJ Lagway, the former Florida starting quarterback who is also set to transfer in this cycle, was named a candidate for Louisville to sign in the same reporting.
A known QB developer
Louisville head coach Jeff Brohm is considered one of the best quarterback coaches in the country, helping groom Tyler Shough into a draft selection, and Moss is coming off a 2,500-plus yard campaign in 2025.
And the Cardinals were said to be in the mix for Cam Ward two offseasons ago before he ultimately landed at Miami.
The program is willing to spend money at the position, handing over more than $1.5 million this season to Moss, who transferred from USC to Louisville.
What Raiola has done on the field
Raiola was in the midst of an improved second outing with Nebraska under the direction of offensive coordinator Dana Holgorsen before a broken fibula limited him to just nine starts this season.
In those games, Raiola surpassed 2,000 yards passing with 18 touchdowns and 6 interceptions, and his completion mark improved from 67.1 percent as a freshman to a better 72.4 percent rate in his second year with the Cornhuskers.
How the college football transfer portal works
The NCAA Transfer Portal is a private database that includes the names of student-athletes in every sport at the Division I, II, and III levels. The full list of names is not available to the public.
A player can enter their name into the transfer portal through their school’s compliance office.
Once a player gives written notification of their intent to transfer, the office puts the player’s name into the database, and they officially become a transfer.
The compliance office has 48 hours to comply with the player’s request and NCAA rules forbid anyone from refusing that request.
The database includes the player’s name, contact information, info on whether the player was on scholarship, and if he is a graduate student.
Once a player’s name appears in the transfer portal database, other schools are free to contact the player, who can change his mind at any point in the process and withdraw from the transfer portal.
Notably, once a player enters the portal, his school no longer has to honor the athletic scholarship it gave him.
And if that player decides to leave the portal and return to his original school, the school doesn’t have to give him another scholarship.
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NIL
Why the NIL era will continue to force more QB transfers
College Football Enquirer co-hosts Andy Staples, Ross Dellenger and Steven Godfrey discuss the decisions by Dylan Raiola and DJ Lagway to enter the transfer portal and why the moves are a sign of more to come when quarterbacks are paid highly but don’t meet expectations on the field. Check out the full conversation on the “College Football Enquirer” podcast – and subscribe on Apple Podcasts, Spotify, YouTube or wherever you listen.
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Video Transcript
I do think we’re seeing something a bit different now.
And we started to see it last year, but Ross brought it up with the Royala situation.
I talked about it with the Lagway situation.
These guys are established starters.
Who, if one had a coaching change, that adds something to it, But the other didn’t have a coaching change.
But neither of them lived up to their lofty expectations or lofty paycheck, And I do the latter, right.
And I do wonder until there’s a CBA and you have binding contracts both ways.
I don’t know that we’re gonna see, like, you gonna have to really earn and kind of sing for Your supper as a QB.
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You’re gonna have to earn it, or you’re gonna have to be drastically underpaid.
Threatened to leave, then got overpaid.
So basically, if you’re a successful quarterback in a three-year span, you’re constantly Renegotiating: correct if you’re at one institution, yes.
You’d better be good enough to justify your price point or willing to take a cut.
That is the that’s the conundrum there and you can price yourself out of market Well.
And that’s, that’s the other thing people Need to be careful.
That’s what they, you know, We talk about a truly free market, and thats kind of what This is.
This is a truly free market, but there’s always An upper boundary.
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It’s interesting how these things are going now to be handled financially in the offseason.
If there can be any stability, um, as you are performing at or above Expectation as a quarterback, because otherwise wethis is probably going to be the norm.
We’re probably gonna have a Black Monday type situation.
Every December, in the quarterback free agency market, if we don’t get a little more guard, A little more guardrails around that, yeah, until some kind of, you know, Bargaining agreement in more binding contracts are, uh, Uh, come to college football, which doesn’t sound like it’s anytime soon, Although, because of failures in Congress, the CSC participation agreement, I think there’s more, more than not, and this is something that was a topic in Las Vegas last Week, uh, um, is, yeah, more, more talk about, Well, what other options do we have?
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Which is really just one other option.
Remember, coaches have always cut loose QBs.
They didn’t want it.
That’s always happened.
Yeah, runoff was like a common verb when coaches talked off the record about How they were gonna handle their roster.
We’re running that guy off.
So this is, if anything, a new market that gives at least these guys a little bit of cash first They get it before they go out the door.
NIL
Ohio State QB Julian Sayin makes NIL announcement before College Football Playoff
Julian Sayin is steering Ohio State toward a national championship run with one of the most loaded rosters in college football. The Buckeyes secured the No. 2 seed in the College Football Playoff despite stumbling against Indiana in the Big Ten title game.
That loss stung, but it did not derail their season. Ohio State still earned a first-round bye alongside Indiana, Texas Tech, and Georgia.
MORE: Florida quarterback DJ Lagway announces transfer portal decision
While the team enjoyed some extra rest before the postseason grind begins, Sayin grabbed attention off the field. He announced a new NIL partnership with Wingstop and Dr Pepper, posting the news himself.
“Postseason calls for big plays with @drpepper and @wingstop, had to get the play card out,” Sayin wrote.
The deal adds to an already impressive NIL portfolio. Sayin previously signed with The Foundation, Dick’s Sporting Goods, and JLab Audio. His current NIL valuation sits at $2.5 million, according to On3.

Ohio State Buckeyes quarterback Julian Sayin talks to media following the NCAA football game against the Michigan Wolverines at Michigan Stadium in Ann Arbor, Mich. on Nov. 29, 2025. Ohio State won 27-9.
Sayin’s path to Columbus took a detour through Tuscaloosa first. After a brief stint with Alabama, he flipped his commitment to Ohio State and headed to the Big Ten. That decision paid off immediately.
In his first season as the Buckeyes’ starting quarterback, Sayin led the team to a 12-1 record and a Heisman Trophy finalist nod. The former five-star recruit has lived up to the hype.

Ohio State Buckeyes quarterback Julian Sayin (10) motions during the Big Ten Conference championship game against the Indiana Hoosiers at Lucas Oil Stadium in Indianapolis on Dec. 6, 2025. Ohio State lost 13-10.
His numbers back it up. Sayin has thrown for 3,323 yards and 31 touchdowns this season, showing both control and efficiency under center.
He is playing alongside elite talent like wide receiver Jeremiah Smith, Carnell Tate, Caleb Downs, and Arvell Reese. With that kind of firepower around him, Ohio State looks built for a deep playoff run.
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