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Florida 4-star signing Jaden Rashad released a scholarship

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Jaden Rashad will not be studying at the University of Florida.

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According to multiple reportsFour star quarterback he has Grant release request from school. Rashad signed with Florida during the early signing period and was expected to sign up for Gainesville in January after playing in the Under Armor All-American Game earlier this month. This did not happen.

why? It could have something to do with name, image and similarity payments. According to multiple reports, Rashad had an agreement with the NIL collective for an endorsement deal conditional on signing with the Gators. According to The Athletic, The NIL deal with the collective was approved in November and has a maximum value of $13 million.

But this maximum value was reportedly far beyond the means of the collective financial capacity. The deal soon fell through.

Rashada was listed as one of Florida’s first signers in December, but word began spreading once he signed that he might not make it to campus.

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Quarterback Jaden Rashada runs with the ball during the Under Armor Next All-America Game at Camping World Stadium in Orlando, Florida, on Jan. 3, 2023. (Stephen M. Doyle/Orlando Sentinel/Tribune News Service via Getty Images)

Jaden Rashad will not play college football in Florida. (Stephen M. Doyle/Orlando Sentinel/Tribune News Service via Getty Images)

What’s Next?

Rashad will be free to sign with another school when Florida officially releases him from the scholarship. Can you play Miami? Rashad was committed to the Hurricanes before heading to Florida, and Miami QB Jake Garcia reportedly entered the transfer portal on Monday.

The 4-star recruit is the 84th prospect in the country and the 7th recruit in the state of California. He is also the No. 7 professional quarterback in the class of 2023 and will immediately be a highly sought after recruit. When Rashadah is released from the scholarship, he will be the only member of the top 25 pro-style QB team in the class of 2023 who is not enrolled in a school.

Rashada was one of the best players in the 13th-ranked Florida recruiting class, according to Rivals, after the early signing period. Florida will drop a few points when Rashad is no longer part of the season and that season will not have a quarterback unless Rashad’s replacement is found.

This is a big deal for a Florida list that needs someone who can be a long term answer in this position. 2022 starter Anthony Richardson declared for the NFL draft and backup Jalen Kitna is no longer on the team after he was arrested on child pornography charges. Ohio State transfer Jack Miller started losing the Las Vegas Bowl blowout to Oregon State after not seeing the field at all during the season.

The Gators added former Wisconsin QB Graham Mertz in the transfer portal. His eligibility remained for two years but declined in his time with the Badgers. After completing 61% of his passes in seven games as a freshman in 2020, Mertz completed 57% of his passes in 2022 and threw more interceptions than touchdowns in 2021.

A notable example of a predicament for nothing

Rashada’s situation is also the biggest example of the pitfalls associated with the new endorsement reality of college athletics. Players and their families need to be very skeptical of big promises from donors and others offering endorsement deals. There are some pretty big dollar numbers thrown around when it comes to endorsement deals, and it’s safe to believe that these inflated numbers look a bit like NFL contracts — the real value of the deal is likely to be much less than the top line number.

And if what was reported about the Rashad deal is true, the group’s inability to deliver on high promise cost the Gators a top recruit.

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