The University of Florida and four-star quarterback Jaden Rashada have officially parted ways.
The Florida athletics department confirmed to The NIL Deal that the university has released Rashada from his National Letter of Intent, after the quarterback filed paperwork on Tuesday night requesting to be released.
Last week, the Orlando Sentinel reported that Rashada did not enroll at Florida because an “NIL agreement for around $13 million was not honored.”
Rashada initially signed with Miami over the summer, but switched to Florida in November. He did not sign his National Letter of Intent until the end of the day. Rashada had left millions on the table when he intended to sign with Miami.
Yes, Rashada reportedly had a $13 million NIL deal on the table, but some around the industry are skeptical that the dollar amount ever reached that level.
“I’d be surprised if it guaranteed Rashada $13 million in cash,” Mit Winter, Attorney at Kennyhertz Perry LLC told The NIL Deal in an interview earlier this week. “And if it did, it sounds like that much money never existed.”
After striking out with Miami and Florida, there is speculation that Rashada may commit to Washington. Other schools that appear to be in the mix include Arizona State, Colorado, and Cal, according to multiple reports.
Rashada, the 6-foot-3, 185-pounds signal-caller could potentially even wait until the summer before making his next move. Regardless of what happens next, Newman + Lickstein Attorney Dan Greene believes this is a learning lesson for a variety of people involved in the NIL space.
“This scenario could be a great lesson for athletes, parents, schools, collectives, agents, attorneys and anyone else involved in this business,” Newman + Lickstein Attorney Dan Greene told The NIL Deal earlier this week. “Either way, I don’t think this is the end of this story.”