Wednesday, May 6, 2026

Transfer Portal Chaos: Record Moves, Star QBs, and NIL Deals Reshape CFB

The college football transfer portal continues to have a larger impact on the sport. Quarterbacks, in particular, are finding success—and cashing in—at new schools.

James Guillory-Imagn Images

College football’s transfer portal saw record movement on its opening day, highlighted by several big-time quarterbacks looking to potentially cash in on major NIL (name, image, and likeness) deals—and maybe some new hardware—with new schools.

Around 1,000 FBS players entered the portal Monday, which is nearly double the total from Day 1 a year ago, and it caused an analytics database that many schools use to track movement to temporarily crash, according to 247 Sports.

The biggest headline was Maalik Murphy’s surprise decision to leave Duke after he threw a school-record 26 touchdown passes this season while leading the Blue Devils to a 9–3 record. He won’t play for Duke in the Gator Bowl against Ole Miss on Jan. 2. Murphy, who has at least one major NIL deal with Postmates, transferred from Texas last year and has two years of eligibility remaining.

The Grass Is Always Greener?

Five teams in the College Football Playoff have starting quarterbacks they acquired in last year’s transfer portal: 

  • Oregon: Dillon Gabriel (from Oklahoma)
  • Arizona State: Sam Leavitt (from Michigan State)
  • Ohio State: Will Howard (from Kansas State)
  • Notre Dame: Riley Leonard (from Duke)
  • Indiana: Kurtis Rourke (from Ohio)

Each of those signal-callers has multiple big-money NIL deals, like the one Leonard signed with Dick’s Sporting Goods after joining the Fighting Irish, following three seasons at Duke.

Heisman finalist Cam Ward, whose Miami Hurricanes narrowly missed out on an ACC championship game appearance and the CFP, was also a major NIL success story this season after transferring from Washington State. Ward, who is now projected to be a top pick in the 2025 NFL Draft, signed a deal with Miami apparel provider Adidas this fall, adding to deals he already had with Bose and energy drink brand C4.

So, who could cash in next? 

As of Tuesday morning, one ranking from ESPN listed Tulane’s Darian Mensah, USC’s Miller Moss, Oklahoma’s Jackson Arnold, Liberty’s Kaidon Salter, and Texas A&M’s Conner Weigman as the top five quarterbacks currently available in the transfer portal. Murphy was sixth. 

Another interesting transfer to watch will be Matthew Sluka, who decided to redshirt after leading UNLV to a 3–0 start, due to a dispute over NIL money. The Rebels finished the regular season 10–2 and ended up in the Mountain West championship game but lost to Boise State, which earned an automatic CFP bid and a bye as the No. 3 seed.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Nears Referee Deal to Avoid Another ‘Fail Mary’ Disaster

The public vitriol between the two sides has lessened considerably.
Feb 6, 2026; Fayetteville, AR, USA; The Arkansas Razorbacks logo is displayed behind home plate during the Arkansas Razorbacks scrimmage at Baum-Walker Stadium

Arkansas Men’s Tennis Coach: ‘Disbelief’ After Team Axed

Jay Udwadia spoke with FOS about the university’s decision to axe tennis.
Jan 19, 2026; Miami Gardens, FL, USA; American businessman and television personality Mark Cuban before the College Football Playoff National Championship game at Hard Rock Stadium. Mandatory Credit: Mark J. Rebilas-Imagn Images
exclusive

Mark Cuban Says He Paid for Indiana’s Fernando Mendoza Deal

Cuban’s first donation to Indiana football was well spent.
In this photo illustration, a mobile device displays the Kalshi logo while a laptop displays the webpage of the prediction market platform in Copenhagen, Denmark, on February 10, 2026. (Photo by Kristian Tuxen Ladegaard Berg/NurPhoto)

Leagues Weigh In on Future Prediction Market Regulation

Safeguarding integrity and protecting consumers were common themes.

Featured Today

Tottenham Spurs

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
Cricket - Indian Premier League - IPL - Final - Royal Challengers Bengaluru v Punjab Kings - Narendra Modi Stadium, Ahmedabad, India - June 4, 2025 Royal Challengers Bengaluru's Rajat Patidar lifts the trophy as he celebrates with teammates after winning the Indian Premier League
May 5, 2026

How Private Equity Fell in Love With Indian Cricket

India’s U.S.-style cricket league has become a private-equity playground.
Kaitlin Oaks (left) from Tampa looks at photos with Layla Abutha from Tampa while attending Thurby at Churchill Downs during the week of Kentucky Derby on Thursday, April 30, 2026.
May 1, 2026

Kentucky Derby Is Courting Gen Z

Churchill Downs is mixing traditional splendor with a youthful atmosphere.
INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.
April 22, 2026

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.

Kentucky Signs Former Top 10 WNBA Draft Pick

NBA draft pick James Nnaji also returned to college.
Empty tennis courts
May 1, 2026

‘In Shock’: Why College Tennis Programs Are Disappearing

In just one week, four D-I schools announced they’d eliminate tennis programs.
May 6, 2026

Will Wade Could Follow the Illinois Blueprint at LSU

LSU re-hired Wade in March after firing him in 2022. 
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
Jan 29, 2026; Washington, District of Columbia, USA; Former Washington Wizards guard John Wall looks on before a game against the Milwaukee Bucks at Capital One Arena. Mandatory Credit: Daniel Kucin Jr.-Imagn Images
April 30, 2026

John Wall Joins Howard As President of Basketball Operations

Wall has already weighed in on the Bison’s roster.
Apr 6, 2026; Indianapolis, IN, USA; Michigan Wolverines head coach Dusty May celebrates with the trophy after defeating the UConn Huskies in the national championship of the Final Four of the men's 2026 NCAA Tournament at Lucas Oil Stadium.
April 30, 2026

Dusty May: Another Men’s Championship Will Cost $10M or More

“We anticipate it to be much greater next year,” May told FOS.
Nov 15, 2025; Provo, Utah, USA; The BYU Cougars offense lines up against the Texas Christian University Horned Frogs defense during the first half at LaVell Edwards Stadium.
April 29, 2026

Big 12 Presidents Approve Deal With RedBird Capital

“We’ve got a strong bench now,” Brett Yormark told FOS about the deal.
April 29, 2026

NCAA To Pay Millions to Tennis Players, Tweak Prize Money Rules

The settlement says the NCAA already changed its prize money rules.