NIL
The lone remaining SEC program without an indoor facility is set to add one
A season of adversity was the storyline for Jeff Lebby’s first season as the head coach in Starkville, and thanks to a special announcement today, the Mississippi State program is the target of some welcome good news. Mississippi State, the only remaining SEC program without an indoor training facility, is set to get one thanks […]

A season of adversity was the storyline for Jeff Lebby’s first season as the head coach in Starkville, and thanks to a special announcement today, the Mississippi State program is the target of some welcome good news.
Mississippi State, the only remaining SEC program without an indoor training facility, is set to get one thanks to a “trailblazing gift” from Howard Industries.
The new indoor, which will be named in honor of multi-sport alumnus Billy W. Howard, will provide 110,000 square feet of training space for year round development for Bulldogs athletes and will be integrated seamlessly into the daily operations of the adjacently located Leo Seal Jr. Football Complex when the project is finished.
Set to cost $60 million in total, the new project will include new areas to address sports science, and advanced recovery stations in addition to other enhanced support spaces.
Currently, architects and facility planners are completing design concepts and the project is expected to break ground in 2027.
If all goes according to plan, the indoor should open in the summer of 2008, while renovations to the current student athlete spaces at the football complex will then pick up before finishing touches in 2029. Mississippi State’s Bulldog Club is continuing to fundraise to secure full funding for the project.
Head coach Jeff Lebby provided the following statement on the news in the school’s release.
“Words cannot truly express how incredibly grateful we are to Howard Industries and the entire Howard family for making this vision a reality. This new indoor facility will allow us to train more effectively as we compete against the best in the country week in and week out. The development of players, the injury prevention, and recovery components and the ability to prepare for Saturdays regardless of the elements outdoors is going to have tremendous impacts on our program. We are grateful for the investment in Mississippi State football and are working tirelessly to make all Bulldog fans proud.”
The school shared the following video highlighting the Howard family and their story to honor the family that has made this project possible.
NIL
Can UMass sell hope? Why college football’s losingest program believes it can win
AMHERST, Mass. — It’s three hours before the spring football game, and tailgates have already started popping up. Kirt LaFrance unfolds his camping chair on a strip of grass. Bob Casaceli stirs a pot of chili and plops sliders on the grill. Country music blares across the parking lot. The Easter weekend crowd is predictably […]

AMHERST, Mass. — It’s three hours before the spring football game, and tailgates have already started popping up.
Kirt LaFrance unfolds his camping chair on a strip of grass. Bob Casaceli stirs a pot of chili and plops sliders on the grill. Country music blares across the parking lot.
The Easter weekend crowd is predictably small — 228 fans in the bleachers at kickoff. But the despair from another losing fall subsided months ago, and winter, at last, has melted away. White magnolias are blooming, red buds are poking through branches and the football team has a new head coach.
Hope springs eternal. Even at UMass.
Since moving up from the Division I Football Championship Subdivision (FCS) to the Football Bowl Subdivision (FBS) in 2012, the Minutemen have been, by far, the worst program. Their 26-122 record (.176 winning percentage) in 13 seasons is almost one victory per year below the second-worst team, Kansas. Their scoring differential (minus-2,467 points) is 400 points worse than the Jayhawks, 600 worse than New Mexico State and 800 worse than UConn and UTEP.
“We’re a joke,” said Corey Schneider, a co-founder of the Minutemen’s now-disbanded football NIL entity, The Midnight Ride Collective.
Schneider hears the punchlines nearly every time he introduces himself as a UMass graduate. One of the school’s most prominent sports alumni, ESPN writer Dan Wetzel, has quipped about merging rosters with UConn. A YouTuber who has visited nearly every FBS stadium dubbed UMass’ venue the worst in the country in a video viewed more than 3 million times.
I’ve been to over 100 college football stadiums
I say with full confidence this is the worst one in the country pic.twitter.com/G9EQDcGn2v
— GFed (@GfedGoCrazy) July 5, 2024
Quinton Sales just shakes his head. As one of the captains during UMass’ FCS-to-FBS transition, he knew his team would ache through the program’s inevitable growing pains. But growing pains require growth, not double-digit losses to Buffalo and Northern Illinois like he withstood 12 years ago.
“No reason to be this bad for this long,” Sales said. “No reason.”
The explanation goes beyond the typical problems of losing programs: poor quarterbacking (UMass hasn’t had a passer with 10 touchdowns in a season since 2018), bad coaching hires (first-time flops Charley Molnar and Walt Bell, unsuccessful retreads Mark Whipple and Don Brown, who was fired last November), lackluster recruiting (one class ranked in the top 105 of the 247Sports Composite) and the instability of five coaching changes in 15 years. Deeper woes require deeper roots.
The trouble began, according to interviews conducted by The Athletic with more than a dozen UMass stakeholders, when a sliding FCS program jumped to the sport’s highest division without a plan, in a move its chancellor said might not last. The flagship university of the state with the nation’s highest median household income gave its front porch a bare-bones budget that made a future NFL head coach one of the lowest paid assistants in the nation. The Minutemen started from behind and never caught up.
Most losses by FBS teams since 2012
Team | Wins | Losses | W% | Avg. margin |
---|---|---|---|---|
26 |
122 |
.176 |
-16.7 |
|
38 |
117 |
.245 |
-13.4 |
|
44 |
110 |
.286 |
-10.5 |
|
46 |
107 |
.301 |
-10.2 |
|
46 |
105 |
.305 |
-12.1 |
|
51 |
103 |
.331 |
-7.6 |
|
44 |
103 |
.299 |
-11.2 |
|
56 |
102 |
.354 |
-6.4 |
|
54 |
102 |
.346 |
-10.2 |
|
50 |
102 |
.329 |
-9.2 |
|
63 |
102 |
.382 |
-8.1 |
When UMass prioritized the other revenue sport, men’s basketball, it doomed football to the purgatory of independence and years of laughers against Penn State (63-0) and Pitt (51-7), FIU (44-0) and Toledo (55-10) and even FCS programs Southern Illinois (45-20) and Maine (35-10).
“Frankly,” said booster Marty Jacobson, whose name adorns the football performance center and press box, “a lot of us are tired of losing.”
And they’re starting to do something about it.
The potential for disaster was evident long before the jokes. The proof rests near the back of a nondescript box in the tallest building on campus.
It’s part of a task force report submitted to UMass’ chancellor in 1996 as the school considered moving its up-and-down program to Division I-A, now called FBS:
If a decision is made to implement the move to IA, the move will most likely meet failure without full support of all parts of the University including: academic, student, administrative, and staff.
James Madison supported its move to the FBS in 2022; according to figures submitted to the U.S. Department of Education, the Dukes entered the Sun Belt with the largest athletic budget in the conference. They are 28-9 over three seasons. Georgia Southern supported its jump, too; its students preemptively approved a $75 semester fee to fund a potential bump up and have watched their Eagles become a regular bowl team. Liberty started with the sixth-highest football budget ($22.9 million) in the Group of 5 and has never had a losing FBS season.
UMass didn’t want to listen. The prescient warning was cut from the task force’s final version and is buried on the last page of a minority report, now housed in the W. E. B. Du Bois Library’s archives.
Though the Minutemen did not leap to the FBS then, they probably would have been better off if they had. Their athletic department was still buzzing after John Calipari led the men’s basketball team to that year’s Final Four, and football was about to peak by winning the 1998 FCS national championship and playing for another in 2006.
“If you had the right people in place with the right forethought, I think it would have been a home run,” said ESPN analyst Rene Ingoglia, UMass’ All-American running back in 1994-95. “They went the opposite way.”
When a football-only invitation to the Mid-American Conference came in 2011, the Minutemen weren’t ready. On the field, UMass didn’t move up with the momentum or roster depth of James Madison (a perennial FCS power), Appalachian State (a regular FCS playoff team) or Sam Houston (two years removed from an FCS title). The Minutemen went 23-22 over their final four FCS seasons.
Off the field, UMass had not sufficiently prepared to join the highest division. The necessary support was missing. Schneider, then a recruiting/operations intern, said it felt like the Minutemen were simply in the FCS one day and the MAC the next because he witnessed so little build-up.
“I would say that I think the institution as a whole and the athletics department were surprised by the level of investment and commitment it took to be relevant in the Football Bowl Subdivision,” said athletic director Ryan Bamford, who took over in 2015.
Though the school increased its football expenses by almost $2.2 million from 2010-12, UMass started from behind. In Year 1, its $750,000 assistants salary pool was seventh-lowest nationally and third to last in the MAC (ahead of only Kent State and Bowling Green), according to USA Today’s database. The next year, it was $200,000 behind FBS startup Georgia State. By 2015, the total coaching salary pool was $1.43 million — ahead of only Buffalo in the MAC and almost $1 million behind P.J. Fleck’s Western Michigan staff, according to the Knight-Newhouse database.
“I think the truth and the reality is that there wasn’t a ton of investment and resources at the time when that transition was made,” said former UMass tight end Adam Breneman, now a Front Office Sports podcast host and analyst for CBS Sports and Yahoo. “When you have position coaches making under $100,000 a year, you’re not going to be able to keep anybody in college football if they’re good.”

UMass is 0-14 against teams from the SEC since 2012. (Eric Canha / Imagn Images)
UMass’ all-time leading passer, Liam Coen, earned significantly less than that in 2014. His starting salary ($64,500) made him the lowest-paid quarterbacks coach in the FBS, according to USA Today’s database. Coen left his alma mater after two seasons to become an FCS coordinator at Maine. He developed into one of the hottest names in the NFL’s last coaching cycle and is now the first-year head coach of the Jacksonville Jaguars.
Other facets were similarly behind. Media guides list only four new staffers during the 2011-12 transition: a recruiting grad assistant, an assistant strength coach, an academic counselor and administrative assistant. Even with the additions, the Minutemen still had four fewer support staffers (11) than MAC colleague Northern Illinois.
UMass didn’t break ground on a football operations center until two years after the FBS move was announced. Sales and his teammates trained for a higher level of competition in the same weight room with the same strength coach.
“It just felt like a different mission in the same room,” Sales said.
UMass since its FBS jump
Season | Record | Scoring Off | Scoring Def | Wins |
---|---|---|---|---|
2024 |
2-10 |
110th |
125th |
Wagner, Cent. Conn. St. |
2023 |
3-9 |
96th |
133rd |
Merrimack, Army, New Mexico St. |
2022 |
1-11 |
131st |
104th |
Stony Brook |
2021 |
1-11 |
126th |
130th |
UConn |
2020 |
0-4 |
127th |
122nd |
|
2019 |
1-11 |
118th |
130th |
Akron |
2018 |
4-8 |
35th |
127th |
Liberty, UConn, Charlotte, Duquesne |
2017 |
4-8 |
47th |
93rd |
BYU, Maine, App. St., Ga. Southern |
2016 |
2-10 |
110th |
108th |
Wagner, FIU |
2015 |
3-9 |
108th |
92nd |
Buffalo, EMU, FIU |
2014 |
3-9 |
78th |
105th |
Ball St., EMU, Kent St. |
2013 |
1-11 |
123rd |
98th |
Miami (OH) |
2012 |
1-11 |
124th |
121st |
Akron |
The school’s on-campus home, McGuirk Alumni Stadium, was nearing 50 years old and didn’t have the press box or other infrastructure required to support a high-level program. The Minutemen chose to relocate games two hours southeast to the Patriots’ stadium in Foxborough.
The move was intended to reacquaint the program with Boston-area alumni while playing in one of the finest venues in the country. At the time, then-athletic director John McCutcheon called Gillette Stadium the football team’s home “for the foreseeable future.” Fourteen years later, Bob McGovern calls the decision a “disaster.”
“You ripped the team away from its fan base,” said McGovern, a 2005 UMass graduate who covered the program for the Maroon Musket.
Attendance figures reflected that. UMass’ average crowd (10,901) was fourth-worst in the FBS in 2012. The finale against Central Michigan drew an announced attendance of 6,385, meaning more than 90 percent of the 68,000-seat stadium was empty. UMass stayed in Foxborough the next season and continued playing select games there until 2018.
Football never got full support from academics, either. The faculty senate formed a committee to scrutinize the FBS budget and discuss alternative uses for the new expenses. If the program needed a vote of confidence after a 1-11 inaugural FBS season, then-chancellor Kumble R. Subbaswamy chose not to provide one.
“It’s a very easy matter,” he told The New York Times in 2012, “to one day say we won’t do it anymore.”
Though the school never pulled the plug on football, UMass’ powerbrokers pulled back during a fork-in-the-road moment a year and a half later.
A clause in its deal with the MAC essentially gave the school two options: become a full-time member of the conference or leave. Full membership would stabilize a 2-22 FBS program but push its men’s basketball program away from the Atlantic 10, a strong mid-major league that was poised to earn a record six bids in the upcoming 2014 NCAA Tournament (including UMass).
“At the time,” Jacobson said, “we looked at ourselves as a basketball elite.”
So UMass prioritized basketball, forcing football into independence. Difficulties swelled.
Seven years after the FBS transition, eight of the 10 on-field assistants made less than $90,000. A director of player personnel made less than $30,000 in base pay. A director of football operations earned less than $40,000.
UMass lagged behind in everything from dorms to travel, one former assistant said. The difference between UMass and Conference USA felt bigger than the difference between Conference USA and the SEC.
“It was frustrating to get blamed as a coach when everybody in the building knows it’s a resource issue, not a coaching issue,” said the former assistant, granted anonymity in exchange for his candor. “You’re really resourced like an upper FCS team.”
Lacking conference TV revenue, UMass helped fund the program by loading up on paycheck games against power-conference opponents — 19 of them over eight seasons as an independent (excluding the 2020 season that was shortened by COVID-19). The Minutemen lost them all by a combined score of 842-287. In 2016, UMass played Florida, Boston College and Mississippi State in the first four weeks and traveled to South Carolina in October.
“How do you expect to survive a season doing that?” asked Scott Woodward, a staffer from 2015-18 and backup quarterback on the 2006 FCS finalists.
Independence brought other challenges; there’s a reason Liberty, Army, BYU and New Mexico State have all joined leagues since 2022. Inconsistent schedules made it hard to forge rivalries or build rapports with regular officiating crews. Game-planning was trickier without common opponents to study or previous years to reference. With no real independent peers — Notre Dame is in a class by itself, and UConn’s football budget is 69 percent larger — there are no helpful comparisons. No best practices in staffing or infrastructure, no barometers to measure yourself against.
“It’s no-man’s land,” Bamford said, “and it’s lonely.”
The early-bird tailgaters never got much company outside McGuirk Alumni Stadium before last month’s spring scrimmage. The vibe before kickoff was relaxed enough that a woman could walk her dog behind the goalpost not long before kickoff. A stadium pulse video board graphic tried to enliven an audience of empty bleachers. Students had cleared out for the long holiday weekend, but that didn’t stop the farmers’ market from drawing a comparable crowd at the downtown common.
This isn’t a punchline. It’s the reality of a program that went 18-82 as an independent and, as new head coach Joe Harasymiak said, has left its fans “beat down for so long.”
It’s also a reality the Minutemen are confronting.
“We couldn’t keep doing the same thing and expecting different results,” Bamford said.

New UMass coach Joe Harasymiak has been an assistant at Minnesota and Rutgers since leading Maine to the FCS semifinals. (Kevin R. Wexler / USA Today Network)
Shutting down the program was never an option, Bamford said, regardless of how many times outsiders asked him about it. Neither was dropping back to FCS. In addition to damaging UMass’ brand, it would have hurt the institution’s bottom line; the school’s contribution to football is $2.5 million less in the FBS than FCS.
Bamford spent years searching for a football-only spot in a conference, but nothing materialized. UMass’ two viable considerations were full-time membership in Conference USA or the MAC. That meant revisiting the basketball-or-football debate at a campus where you’ll still find Marcus Camby jerseys (even at the spring football game).
Though football is the premier program at most schools, the Camby-Calipari basketball heyday remains UMass’ most prominent athletic success (the 2021 men’s hockey national title is up there, too). March Madness still gives mid-major schools a path to national relevance in a way MACtion does not, which is something broadcaster Josh Maurer said the school must consider.
“UMass has been that school in the past, and I don’t think it’s impossible to think that they can be again in the future,” said Maurer, the “Voice of the Minutemen” from 2008-18.
The Minutemen considered it, then rejected it. A decade after prioritizing basketball at football’s expense, they made an about-face.
As bad as the football program has been, the sport’s national popularity still gives it the most upside as a university marketing tool. UMass’ neighbor, UConn, was similarly dreadful (4-32 from 2018-21) but won the Fenway Bowl last year. If the Huskies can play postseason football and make the NCAA tournament in basketball and hockey, why can’t the Minutemen be at least competent in all three? Why can’t UMass become competitive in the fluid MAC, which has had five different champions in the past five seasons?
Besides, focusing on basketball ignores how much the hoops landscape has changed. UMass’ glory days are almost 30 years in the past. The program hasn’t made the March Madness field in 11 years, and power conferences are squeezing out mid-majors. This season’s Atlantic 10 was, like the MAC, a one-bid league.
“We’re kind of leaning into being more of a football school,” said Patrick MacWilliams, the founder and director of The Massachusetts Collective, a hoops-first entity that absorbed football NIL late last year. “I think every school across the country is leaning that way, too.”
Whether UMass succeeds depends on how strongly the program is receiving the full support necessary to avoid more failure.
There are early reasons for optimism. Instead of entering the MAC with one of the smallest budgets, the Minutemen will rejoin with a financial advantage. Harasymiak will be among the MAC’s highest-paid coaches (average salary over five years: about $1.4 million). The overall coaching pool salary, Bamford said, will be the highest in the conference by about half a million dollars. UMass’ NIL budget — $2 million this season, $3 million next — is more than six times what it was in 2024 and expected to be tops in the MAC. The Minutemen launched a new fundraising initiative, the Script U Scholarship Society, to gear up for the revenue-sharing era expected to begin this year. Their 10-year-old football building is in the middle of a $2 million locker room renovation, and Harasymiak has revamped the nutrition program while hiring about 25 of the 30 football staffers.
“Those things don’t happen overnight,” Bamford said, “but that lack of success helped us go make the case (for change).”
Changing the biggest eyesore — a 17,000-seat stadium supporters concede is decades behind the times — won’t happen overnight, either. But the renderings sitting on Bamford’s desk show upgrades are a priority. The Minutemen are considering a short-term fix ($10 million in cosmetic renovations) while the university pursues a nine-figure public-private partnership to overhaul the venue and surrounding area.
“I’ve got to put asses in the stadium first,” Harasymiak said. “You’ve got to get people to come. That’s my job.”
Though none of UMass’ last four coaches won more than three FBS games in a season, Harasymiak has a profile that makes sense. The 38-year-old led another program in the region, Maine, to its first FCS semifinal appearance in 2018, then did more with less as the coordinator of top-20 defenses at Rutgers and Minnesota. He went to school 30 miles south at Springfield College and has recruited the East Coast for years. He’s embracing UMass’ reputation as a top-30 public institution by mining the nearby Ivy League in the transfer portal.
Most importantly, he has help. Harasymiak sensed it during the interview process when the athletic director, trustees and school chancellor who was inaugurated last year stressed how important it was to finally get football right.
“I knew that I wouldn’t be fighting alone,” Harasymiak said.
Even with that backing, the fight won’t be easy. There were more signs on campus for an undergraduate research conference than the spring game. A nonconference schedule set to lighten in future years has trips to Iowa and Missouri this September. Getting New England fans excited about playing directional schools in the Midwest will be a challenge. The stain of a dozen dreadful seasons won’t fade easily.
But look past the gravel road behind the Spartan home of UMass football, and you can envision a path toward respectability. There are buds of hope poking through at the worst program in the country.
“I say this kind of jokingly, and I’ve said this to a lot of people,” MacWilliams said. “We can’t get worse.”
(Top photo: Todd Kirkland / Getty Images)
NIL
Kentucky’s $200 Million Statement: Mark Pope Jokes About Massive NIL Spending
If there was any doubt that Kentucky is all-in on the modern college basketball arms race, head coach Mark Pope erased it with one line — even if it was delivered with a smile. “It’s close to $200 million,” Pope joked, referencing the rumored NIL investment into the Wildcats’ 2025–26 roster. “We would like to […]

If there was any doubt that Kentucky is all-in on the modern college basketball arms race, head coach Mark Pope erased it with one line — even if it was delivered with a smile.
“It’s close to $200 million,” Pope joked, referencing the rumored NIL investment into the Wildcats’ 2025–26 roster. “We would like to win at everything, guys. Like, we really would.”
While Pope laughed as he said it, the underlying message wasn’t lost on anyone listening. The second year Kentucky head coach is fully embracing the pressure, the spotlight — and yes, the big spending — that comes with leading one of the most tradition-rich programs in the country.
“This is the flagship program in the country, and so I’m fully on board with all of it,” Pope said. “We want to play the hardest schedule, we want to play the best teams, we want to win the most games, we want to have the best players.”
That list didn’t stop there.
“We want to have the highest NIL, we want to have the coolest uniforms, we want to have the most media attention,” he continued. “This is Kentucky — and we’re going to do this the very best we can.”
Pope’s energetic embrace of the NIL era marks a bold new chapter for Kentucky basketball. After years of traditional recruiting dominance under John Calipari, the Wildcats are now looking to make a statement in every corner of the new landscape — especially when it comes to retaining and landing elite talent through NIL deals.
While the $200 million figure isn’t official, it reflects a growing perception around the program: Kentucky is prepared to compete financially at the highest level of college basketball. Pope credited that ability to a unified leadership group and a passionate fan base.
“We’re really blessed to have President Eli Capilouto and Mitch Barnhart, and some of the most committed, generous fans and donors in all of college basketball,” he said. “We have the best donors. We have the best fans.”
As for NIL and the transfer portal?
“Put those on the list,” Pope said. “Our job is to go be the best at everything, so we’re not shying away from that. It’s important to us.”
Whether the number is $20 million or $200 million, one thing is clear — Kentucky is aiming to win, on the court and off it, while hoping to compete for National Titles.
NIL
Ohio State Star Wide Receiver Lands Exciting New NIL Deal with Iconic Actor
Ohio State Buckeyes rising sophomore wide receiver Jeremiah Smith has already become a household name in the college football world, but he might just be on his way to doing the same in the Name, Image, and Likeness sphere. According to a post he shared to his personal Instagram account, Smith has landed a new […]

Ohio State Buckeyes rising sophomore wide receiver Jeremiah Smith has already become a household name in the college football world, but he might just be on his way to doing the same in the Name, Image, and Likeness sphere.
According to a post he shared to his personal Instagram account, Smith has landed a new deal with the Mark Wahlberg Auto Group.
Smith posed next to a Mercedes-Benz with a huge smile on his face, sharing the news that he was joining up with the iconic actor’s network of car dealerships and likely getting paid a pretty penny to do exactly that:
Smith had one of the most successful seasons for a freshman college football has seen in quite some time.
With 76 receptions for over 1,300 yards and 15 touchdowns, the young star helped his team capture a national title in the first edition of the expanded College Football Playoff with a performance that included the play of the season to lock up the game.
Smith is already one of the most valuable athletes in college sports when it comes to NIL.
Currently ranked No. 4 on the On3 NIL 100 list, the pass catcher comes in behind only Arch Manning, Cooper Flagg, and Carson Beck.
No other non-quarterback comes in the top-15 and Smith ranks ahead of some of the most high profile athletes in the sport with an estimated valuation of $4 million.
Specific financial details have not been revealed surrounding the deal with Wahlberg’s automobile group, however with a dealership in Columbus and someone as high profile as Smith, it cannot be a small number.
With still two more years at least in college football, Smith is going to have a chance to put up some historic numbers both on the football field and in his lucrative NIL market.
NIL
Mark Pope was “devastated” Travis Perry left Kentucky Basketball for Ole Miss Rebels
After a Sweet 16 appearance, Mark Pope is ready for year number two in Lexington. Pope has added quite a few pieces to next season’s roster but lost Kentucky local Travis Perry in the transfer portal to the Ole Miss Rebels. Pope recently spoke on Perry transferring and it clearly hit him hard when the […]

After a Sweet 16 appearance, Mark Pope is ready for year number two in Lexington.
Pope has added quite a few pieces to next season’s roster but lost Kentucky local Travis Perry in the transfer portal to the Ole Miss Rebels.
Pope recently spoke on Perry transferring and it clearly hit him hard when the news became official for the Kentucky Wildcats.
“I was devastated when Travis left. Mostly because I think he is such a special young man. It was devastating to me, personally, because I enjoyed coaching him so much, and I think he has a brilliant upside. I think he was on his way to becoming a legend here at Kentucky,” Pope stated.
Pope must have been very high on Perry to suggest he’d become a Kentucky legend, but the Lyon County native wanted to look for another opportunity.
It’s an opportunity for Perry to get more playing time elsewhere, but he clearly had a strong impact on Pope’s first year at Kentucky.
The former Mr. Kentucky Basketball winner saw his minutes increase throughout the season, appearing in 31 total games.
Perry finished the season in Lexington averaging 2.7 points per game. He’ll now look to make an impact at another SEC home.
NIL
How Louisville is preparing to pay athletes
AMELIA ISLAND, Fla. — If Judge Claudia Wilken denies the seminal House v. NCAA settlement this week, the University of Louisville will likely move forward with paying its athletes directly, athletics director Josh Heird told The Courier Journal. “That’s probably the path we would go down,” Heird said at ACC spring meetings. “Just from the […]

AMELIA ISLAND, Fla. — If Judge Claudia Wilken denies the seminal House v. NCAA settlement this week, the University of Louisville will likely move forward with paying its athletes directly, athletics director Josh Heird told The Courier Journal.
“That’s probably the path we would go down,” Heird said at ACC spring meetings. “Just from the standpoint of the more control you can have of the situation, the better. It’s been a little bit disjointed with outside entities, collectives, doing things. So I would presume that’s the road we would go down.”
The settlement, which received preliminary approval in October, would provide $2.8 billion in back damages to athletes who could not profit off their NIL between 2016 and Sept. 15, 2024. It would also bring revenue sharing to college sports starting July 1 with a projected cap for 2025-26 of $20.5 million per school. Heird has “a lot of confidence” that Wilken will approve the agreement, though one aspect of it has delayed her decision by more than a month.
Instead of scholarship limits, the version of the House settlement Wilken granted preliminary approval to established roster caps. This structure would cause thousands of athletes across the country to lose their spots. Heird said this would have “little to no impact” on Louisville, as its rosters are “relatively small by comparison with other peer institutions.” Objectors spoke out against roster limits at the April 7 final approval hearing in Oakland, California.
Their testimony clearly moved Wilken, who gave attorneys two weeks to amend the roster limit concept. She suggested grandfathering in athletes already on existing rosters. Executives from the Power Four conferences — Big Ten, SEC, ACC and Big 12 — agreed to an optional grandfathering-in model for schools. On May 7, Wilken said she would allow objectors to file responses to the NCAA and power conferences by Tuesday. The plaintiffs and NCAA have until Friday to respond in turn.
As athletics departments around the nation brace for Wilken’s decision — an approval or denial, the latter of which would destabilize college sports and likely send the lawsuit back to trial — how might U of L move forward?
Well, several states have laws permitting schools to directly pay college athletes — including Kentucky. The commonwealth passed Senate Bill 3 in March, amending its previous name, image and likeness legislation so state universities could legally operate within the House settlement’s proposed revenue-sharing model. Ross Dellenger of Yahoo! Sports reported last week that athletics directors predict many schools will use state law to begin paying athletes, regardless of whether Wilken denies the settlement. One AD told Yahoo!: “What can the NCAA do about it?”
Louisville will probably take advantage of state law in this way, Heird said. Should the settlement get denied, U of L wouldn’t be beholden to the $20.5 million cap. Instead, paying athletes would just “be a budget constraint,” Heird said. “But I’d contend it’s a budget constraint now.”
If the settlement is approved, U of L plans to distribute $20.5 million among its varsity sports during the 2025-26 athletics year. There are “a handful of variables,” Heird said, that U of L is considering as far as how to divvy up that cash:
One, will the House settlement, once/if approved, provide any guidance on this front?
Two, what sports are driving revenue? (Historically, football and men’s basketball.)
Three, what sports are bringing eyeballs and interest to the school? (Football, men’s basketball, women’s basketball, volleyball and baseball quickly come to mind.)
And four, where does Louisville have opportunities to be especially successful? (See No. 3.)
While Louisville has a general idea of the percentage breakdown, Heird declined to share those numbers by sport, as they’re “not set in stone yet.” However, Front Office Sports reported that power conference schools are expected to dedicate 75% of the $20.5 million toward their football programs. Texas Tech’s reported breakdown gives 74% to football, 17% to 18% to men’s basketball, 2% to women’s basketball, 1.8% to baseball and the rest to other sports. That’s $15.17 million for football, $3.69 million for men’s basketball and $410,000 for women’s basketball.
About 80 miles east of Louisville, the University of Kentucky approved the creation of Champions Blue, LLC, last month in an effort to keep up with college sports’ changing landscape. The LLC will effectively function as a holding company containing UK Athletics so it can more quickly, efficiently and creatively adapt to changes in the industry.
Champions Blue will be chaired by UK President Eli Capilouto and otherwise made up of “outside experts.” These experts, athletics director Mitch Barnhart said, will be folks in professional sports with connections to UK, business associates of the athletics department and other UK officials who could provide an outside-of-sports perspective. The aim of the board is to help UK better understand the landscape of college athletics as it continues to evolve during and after the proposed House settlement. As such, the board will be charged with meeting with Barnhart and Capilouto regularly to discuss opportunities for revenue growth.
Is U of L looking into a similar kind of restructuring?
“With everything going on around college athletics, it’s a good time to take a step back and observe what others are doing,” Heird said. “And, as I’ve told our staff, we don’t need to be out in front on anything that we’re doing. Let’s let the landscape evolve a little bit, look at the pros and cons of what others are doing and what makes the most sense for us. And then once we feel like we have the information we need to make a decision, we’ll make a decision.”
Reach college sports enterprise reporter Payton Titus at ptitus@gannett.com, and follow her on X @petitus25.
NIL
Allogene's Q1 Earnings In Line With Estimates, Sales Nil
Allogene Therapeutics ALLO incurred first-quarter 2025 loss of 28 cents per share, which matched the Zacks Consensus Estimate. In the year-ago period, the company had incurred a loss of 38 cents per share. As ALLO lacks a marketed product in its portfolio, it did not report any sales during the quarter. In the year-ago period, […]

Allogene Therapeutics ALLO incurred first-quarter 2025 loss of 28 cents per share, which matched the Zacks Consensus Estimate. In the year-ago period, the company had incurred a loss of 38 cents per share.
As ALLO lacks a marketed product in its portfolio, it did not report any sales during the quarter. In the year-ago period, Allogene recorded collaboration revenues worth $0.02 million.
ALLO Stock Performance
Year to date, shares of Allogene have plunged 47% compared with the industry’s 6% decline.

More on ALLO’s Results
Research & development (R&D) expenses totaled $50.2 million, down 4% from the year-ago quarter’s level.
General and administrative (G&A) expenses declined 13% year over year to $15.0 million.
As of March 31, 2025, Allogene had $335.5 million in cash, cash equivalents and investments compared with $373.1 million as of Dec. 31, 2024. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar)
ALLO’s 2025 Guidance
In light of the dynamic macroeconomic environment and the need to preserve capital, Allogene recently implemented strategic cost realignment initiatives aimed at optimizing operations and extending its financial runway.
As a result, the company has revised its 2025 guidance and now expects operating expenses for the full year to be around $230 million, including nearly $45 million in non-cash stock-based compensation. This compares favorably to the prior forecast of around $250 million, which included about $50 million in stock-based compensation.
Cash burn for 2025 is expected to be around $150 million, down from the previous guidance of $170 million. Based on these expected savings, Allogene claims that its cash runway will now fund operations into the second half of 2027 — a full year beyond its earlier projection.
Updates on ALLO’s Pipeline
Allogene’s main focus is on the pivotal phase II ALPHA3 study, which is evaluating lead drug cema-cel as a potential first-line treatment for newly diagnosed and treated large B cell lymphoma (LBCL) patients who are likely to relapse and need further therapy. While the company was initially expected to provide lymphodepletion selection and futility analysis from this study around mid-2025, the delayed site readiness to initiate screening activities has pushed the timeline back by roughly two quarters. The analysis is now expected in the first half of 2026.
ALLO is also planning to explore the potential of allogeneic CAR-T cell therapies in autoimmune diseases. It plans to start the phase I RESOLUTION basket study with a new candidate, ALLO-329, across various autoimmune diseases, including systemic lupus erythematosus, idiopathic inflammatory myopathies, and systemic sclerosis in mid-2025. Allogene has updated the timeline for its first data readout, now aiming for the first half of 2026 (compared to the previous guidance of a 2025-end update) to include both biomarker and clinical proof-of-concept data.
Allogene intends to present updated data from a cohort of the phase I TRAVERSE study evaluating ALLO-316 in patients with heavily pretreated advanced or metastatic renal cell carcinoma (RCC) at the 2025 ASCO Annual Meeting on June 1.
ALLO’s Zacks Rank
Allogene currently has a Zacks Rank #2 (Buy).
Allogene Therapeutics, Inc. Price
Allogene Therapeutics, Inc. price | Allogene Therapeutics, Inc. Quote
Our Key Picks Among Biotech Stocks
Some other top-ranked stocks from the industry are Adaptive Biotechnologies ADPT, Agenus AGEN and Elevation Oncology ELEV, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, estimates for Adaptive Biotechnologies’ 2025 loss per share have improved from 92 cents to 87 cents. During the same timeframe, estimates for 2026 loss per share have narrowed from 69 to 65 cents.
Adaptive Biotechnologies’ earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 21.38%. Shares of ADPT have surged 55% year to date.
Estimates for Agenus’ 2025 loss per share have narrowed from $7.05 to $5.85 over the past 60 days, and the same for 2026 loss has improved from $7.14 to $5.74.
Agenus’ earnings beat estimates in two of the trailing four quarters and missed the mark on the other two occasions, delivering an average negative surprise of 22.71%. Year to date, its shares have gained 23%.
In the past 60 days, estimates for Elevation Oncology’s 2025 loss per share have narrowed from 82 cents to 61 cents. Loss per share estimates for 2026 have narrowed from 88 cents to 44 cents during the same timeframe. Year to date, shares of ELEV have lost 38%.
Elevation Oncology’s earnings beat estimates in two of the trailing four quarters and missed the mark on the remaining occasions, the average surprise being 5.10%.
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
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