Tuesday, May 26, 2026

Weekend of CFB Upsets Demonstrates Parity in Rev-Share Era

The examples of how NIL and the  transfer portal have brought on these upsets—and have contributed to the increasing parity—are seemingly endless.

Ole Miss defensive end Kam Franklin (5) and defensive lineman Will Echoles (52) hold up the Magnolia Bowl trophy after a college football game between Ole Miss and LSU at Vaught-Hemingway Stadium in Oxford, Miss., on Saturday, Sept. 27, 2025. Ole Miss defeated LSU 24-19.
The Clarion-Ledger

The era of “unrestricted free agency”—the combination of unlimited transfer opportunities and NIL (name image and likeness) and rev-share earnings—continues to bring parity to college football.

This past weekend, the sport saw a slew of major upsets from marquee matchups from the Big Ten to the SEC featuring late-game field goals, battles stretching into double overtime, and more.

  • No. 6 Oregon pulled off a thrilling double overtime win against No. 3 Penn State (30-24)
  • No. 13 Ole Miss secured a narrow but decisive win over No. 4 LSU (24-19)
  • Unranked Arizona State beat No. 24 TCU courtesy of a late-game field goal (27-24)
  • Unranked Virginia took down No. 8 Florida State after a double-overtime battle (46-38)
  • No. 23 Illinois pulled off a narrow win against No. 21 USC (34-32)
  • No. 17 Alabama toppled No. 5 Georgia (24-21)

The shook up the AP Top 25 rankings, potentially upending the race to secure a spot in the 12-team College Football Playoff. 

Of course, there are a couple blue-bloods finding their footing, like Alabama. But the examples of how NIL and the transfer portal have brought on these upsets—and have ledcontributed to increasing parity in college football—-are seemingly endless. 

To name a few: Oregon has built itself into a powerhouse in the NIL era thanks to Division Street, its well-heeled collective bankrolled by Nike co-founder Phil Knight. Ole Miss has now won three straight games with backup quarterback Trinidad Chambliss under center—a transfer from Division II program Ferris State. 

And that’s not to mention other programs that have risen to prominence over the past couple seasons. The Vanderbilt Commodores, now 5-0, have enjoyed major donor investment and a veteran transfer quarterback.

The question is whether one of these newcomers can make a splash in the College Football Playoff. After all, Ohio State is still sitting pretty at No. 1—though even their success has also been a result of a heavy NIL investment.

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

May 24, 2026; Evanston, IL, USA; Northwestern Wildcats attack Kathryn Ratanaproeksa (13) shoots against the North Carolina Tar Heels during the first half at Martin Stadium

Can Women’s Lacrosse Buck the Trend in College Sports?

The sport is fighting to prove its worth in the revenue-sharing era.
Dec 31, 2025; Orlando, FL, USA; Texas Longhorns quarterback Arch Manning (16) runs with the ball against the Michigan Wolverines during the first half at Camping World Stadium.

Sankey: No Decision on CFP Expansion Expected This Week

Sankey said the meeting was the most-anticipated of any in recent memory.

Southern Schools Silent on Proposed Black Athlete Boycott

The campaign asks Black athletes, fans to boycott several southern athletic departments.
Apr 11, 2026; Las Vegas, Nevada, United States; Wisconsin Badgers defenseman Joe Palodichuk (14) and Denver Pioneers forward Kyle Chyzowski (16) battle for control of the puck during the second period in the championship game of the NCAA men's ice hockey Frozen Four at T-Mobile Arena

Hockey Unites to Demand Change to NCAA ‘5-in-5’ Proposal

The sport doesn’t want to be “collateral damage” of the new rule.

Featured Today

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.
Texas State mascot
May 22, 2026

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
May 14, 2026

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).
Dec 21, 2024; Austin, Texas, USA; A view of the CFP logo and SEC logo before the game between the Texas Longhorns and the Clemson Tigers in the CFP National Playoff First Round at Darrell K Royal-Texas Memorial Stadium. Mandatory Credit: Jerome Miron-Imagn Images

SEC Holds Cards to 24-Team College Football Playoff

CFP expansion will be a major topic at the SEC spring meetings.
May 20, 2026

Will Wade’s LSU Is Pushing College Basketball to the Absolute Limit

The notorious coach has assembled a team of international pros.
Nov 12, 2022; New Orleans, Louisiana, USA; LSU Tigers former head coach Ed Orgeron watches a game between the Tulane Green Wave and the UCF Knights from the sidelines at Yulman Stadium.
May 21, 2026

Ed Orgeron Returns to LSU After Years of Scandals

LSU fired Orgeron in 2021, two years after he won a national championship.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
Dec 31, 2025; Las Vegas, NV, USA; Utah Utes quarterback Devon Dampier (4) carries the ball against Nebraska Cornhuskers defensive back Donovan Jones (37) in the second half during the SRS Distribution Las Vegas Bowl at Allegiant Stadium.
May 20, 2026

Dave Checketts: Utah ‘Sold Off Their Future’ With PE Deal

The Utah–Otro Capital was approved by the university board in December.
U.S. Senator Maria Cantwell (D-WA) shakes hands with Shanghai Mayor Gong Zheng during a U.S. congressional delegation's visit in Shanghai, China, May 5, 2026.
May 19, 2026

As SCORE Act Fails Again, a New College Sports Bill May Emerge

On Monday night, House leadership canceled the vote.
Oct 25, 2025; Cincinnati, Ohio, USA; Cincinnati Bearcats quarterback Brendan Sorsby walks off the field after defeating the Baylor Bears at Nippert Stadium. Mandatory Credit: Aaron Doster-Imagn Images
May 18, 2026

Texas Tech QB Sorsby Sues NCAA Seeking Eligibility

If deemed ineligible, Sorsby is eyeing the NFL Supplemental Draft.
Sponsored

Volpe Brings Style to the Bronx

With the New York Yankees & Anthony Volpe, Charles Tyrwhitt is bringing its decades-long playbook to one of sports’ biggest stages.