The combination of the transfer portal and NIL has created a bidding war for college football’s most talented players who’ve become disgruntled or unhappy with their current situation.
There are obvious exclusions to that rule, as sometimes a player wants to transfer to be closer to home or had their head coach fired. Either way, the market for transfer portal players, and more specifically transfer quarterbacks.
Heading into the 2023 season, a study conducted by 247Sports projected that 62.3% of starting Power Five quarterbacks were transfers. Take a look at the Heisman odds. Bo Nix? Transfer. Jayden Daniels? Transfer. Michael Penix? Transfer.
Transfer quarterbacks are going to be a big part of the game for the foreseeable future, and with that, the price to attain them will continue to rise. It’s no secret that quarterbacks (and defensive linemen) are going to be the biggest earners when it comes to NIL. So, when a school in need of a quarterback looks to the transfer portal, they’d better get their pocketbooks out, because it’s going to cost them.
According to Nebraska head coach Matt Rhule, it’s going to take a healthy seven-figure bid to land a good quarterback out of the transfer portal.
Somehow, we’ve reached a point where numbers like that aren’t shocking for a college quarterback, but just a few years ago it was illegal for players to sign autographs for a $100 bill.
Times have changed and so have the tactics, so if you’re hoping for your favorite school to get in on the portal sweepstakes, it’s due time that you and 50,000 of your closest friends start donating to the NIL fund and hope its enough to get your name on the list for a 19-year-old kid with plenty of options.
If you haven’t already, make sure you’re checking out the Portal Podcast, where I break down all the latest news from the transfer portal, NIL, coaching carousel, and everything else in college football.