Slow your reels with $9.5 million in NIL

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If you’re involved in college football news, you may have seen a big number floating around the rumor mill this week: $9.5 million.

Shock! Anger! How can a high school kid who hasn’t competed in college ever secure that money?

The point is – he might not.

The initial shock of such a huge number quickly turned into suspicion and skepticism, especially when the four-star QB himself, Jaden Rashada, took to Twitter yesterday to issue a statement, writing:

“Any report regarding my commitment to the University of Miami is untrue unless I am interviewed in person. All reports of my decisions regarding NIL transactions are incorrect [sic]. I would never make life/career choices for any monetary value. “

He continued: “I chose Miami because of my relationship with the coaches, the players, and the direction the show is heading.”

So where does this number come from? Certainly not a supporter of billionaire John Ruiz of the University of Miami, who became widely known after Hurricanes basketball player Isaiah Wong demanded more NIL money from Ruiz and threatened to transfer if he did not receive it. . After such a well-known story, the NCAA spoke to Ruiz about his NIL contracts and sponsorships with Miami student athletes, but he continued to insist that any deal is above board and in accordance with NCAA regulations.

That’s why this wouldn’t make sense, especially when he’s already under close scrutiny from the college sports governing body. And $9.5 million is a lot – more than we’ve seen Ruiz give out to any other athlete.

So who leaked that number, along with rumors that Rashada “left millions of dollars” by turning down an offer from the University of Florida, partnering with an $11 million guarantee from Gator Collective’s Gator Collective. university? According to multiple sources, it appears to be none other than attorney Michael Caspino, who represents Rashada and also brokered the famous $8 million Tennessee deal for Nico Iamaleava, and spoke with Turn on 3 about this nearly nine-figure deal.

However, that $8 million came before the NCAA went bust, and it seems Caspino didn’t really think about it. In May, they released a new set of guidelines specifying that promoters and collectives must not engage in recruitment and must not have any form of communication with pre-employees. commit. In Caspino’s statement on On3, by telling the world that Rashada has turned down a “higher offer” to Miami’s offer, he is implying both schools, Ruiz and possibly even Rashada himself are in direct violation of the rules. rules of the NCAA NIL.

Ruiz and Gator Collective both adamantly deny that they have any contact with Caspino regarding Rashada or with Rashada himself regarding these $9.5 million and $11 million transactions floating around the factory rumor, despite Caspino’s statement to On3 claiming otherwise and a tweet claiming that the collective is lying. The Gator collective and a Florida employee actually asserted that Caspino had repeatedly contacted them, but that they refused to engage with him, a statement that made Caspino’s publicity all the more interesting. Garbage can of the collective following Rashada’s declaration of commitment.

So this leaves us with more questions than answers. Is Caspino just lying about numbers and deals, creating bad things when he sees it as a form of self-promotion and name recognition for his athletes? Or is he violating the NIL’s explicit guidelines by brokering pre-commitment deals during the athlete recruitment period? He is either lying or breaking NCAA rules – neither of which is too hot for him at the moment, as his only defense at the moment seems to be charging everyone else in the lying situation, it means that he is, in fact, breaking the principles of the NIL. Admitting to prolong the truth might be a better move here for Caspino, whether he talks boosters and collectives during Rashada’s recruitment or not, to protect himself, athlete and his relationships with other schools in the future, but that doesn’t sound like the move he’s going.

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