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A $13-million NIL deal gone wrong, a top QB recruit and what happens next

Quarterback Jaden Rashada has been the talk of the recruiting world because of the scenario that has played out between him and Florida.

Rashada, the No. 27 recruit in the 2023 class, signed with Florida in December but asked for a release from his national letter of intent on Jan. 17. Florida granted the request on Friday. It has been a wild few weeks with reports of multimillion-dollar NIL deals and promises that have ultimately fallen through.

Rashada's situation is a product of the new college football landscape with the transfer portal and name, image and likeness opportunities for players.