Schools and apparel companies are getting ever more creative when it comes to sorting out their latest mega-dollar deals but sometimes that can come back to bite both in the backside if things don’t turn out perfectly.
Case in point comes at Auburn, where AL.com reports that the school’s stock package that they received as part of an apparel deal with Under Armour is significantly under water at the moment. How much? A shocking 75 percent drop according to the site:
“At the time of the deal announced in Oct. 2015, Under Armour shares were trading for more than $100 a share. After another disastrous earnings report released on Oct. 31, Under Armour shares took another big tumble. Even factoring in Under Armour’s stock split in April 2016, that’s a significant loss of value for Auburn. The value of Auburn’s UA stock is down to a little less than $2.3 million, according to AL.com estimates, after the initial $10 million in shares it received in 2015.”
While the numbers are eye-raising on a number of levels, the Tigers are still in good shape as part of the original $78.1 million deal that runs through 2025. Embattled athletic director Jay Jacobs said he’s not worried about things because of the length of the deal and the fact that the options are somewhat of a cherry on top of the entire thing when it comes to cashing out years from now. Plus, let’s face it, the stock could certainly rebound quite a bit between the current low to a decade from now.
That said, it seems like a pretty clear indication that the granting of stock will likely not be part of any next nine-figure apparel deal going forward after schools learn their lesson from what happened with Auburn and Under Armour.
This is certainly a surprising, if not extremely significant development.
Given his talent level and the position he plays, it’s been long thought that Bryce Love would be leaving Stanford early and declaring for the April draft. Instead, Love’s father confirmed to the San Francisco Chronicle in a text early Tuesday morning that his son will be returning to the Cardinal for his senior season.
The Chronicle wrote that “[t]he junior tailback didn’t make his decision until the last possible minute Monday night, the deadline for entering the NFL draft.”
Despite battling through an ankle injury that lingered throughout the latter portion of the 2017 season, Love was second in the country in rushing with 2,118 yards and tied for fifth in rushing touchdowns with 19. He finished second in the Heisman Trophy voting behind winner Baker Mayfield of Oklahoma.
With this decision, Love will very likely enter the 2018 season as the favorite to claim this year’s Heisman.
It wouldn’t take long to call the roll of head coaches who could get away with hiring Hugh Freeze at the moment, and Nick Saban is certainly at or near the top of that list. Based on word coming out of Tuscaloosa, a Saban-Freeze marriage could very well be on the horizon to test that theory.
According to the Tuscaloosa News, the disgraced former Ole Miss head coach was a visitor at Alabama’s football building on Monday. While the News didn’t detail the nature of the visit, FootballScoop.com writes that “Freeze was in the building today at Alabama to discuss the open offensive coordinator job.” Another national writer, however, downplayed the possibility of Freeze joining Saban’s staff.
Per the News, Saban has always held a healthy respect for Freeze given how much success, relatively speaking, the Rebels’ offense had going up against the Crimson Tide’s defense.
Saban is searching for a fourth offensive coordinator in less than 14 months after Brian Daboll left the team Sunday after one season to take the same job with the Buffalo Bills. Given Freeze’s credentials, he’d certainly warrant serious consideration to fill the opening; based on his exit from Oxford, he could be a tough sell in a lot of places.
Freeze “resigned” from Ole Miss after it was discovered he was using a school-issued cell phone to hook up with escort services on multiple occasions. Additionally, there were the Rebels’ NCAA issues while Freeze was in charge that left the coach with a team-game suspension to serve; that suspension would not have to be served if Freeze is a coordinator or position coach.
It was reported earlier this month that Les Miles was involved in Arizona’s search for a head coach and had an interest in bringing Freeze along as his coordinator if he landed the job. Not long after, after criticism came pouring in over the potential move, the earlier reports were walked back because of the stigma that still follows Freeze.
It appears Keyshawn Johnson Jr. will continue his collegiate playing career a little bit further west than where it began.
On the same day that Kevin Sumlin was hired as the head coach at Arizona, Nate Clouse of Rivals.com reported that Johnson will be enrolling at UA this week and play for the Wildcats. The son of former USC great Keyshawn Johnson will be eligible to play immediately for Sumlin in 2018.
In late June of last year, Johnson was cited for marijuana possession and possession of drug paraphernalia. Not long after, the wide receiver decided to take a leave of absence, with his famous father stating that his son needed some time to “mature” and would not play for the Cornhuskers in 2017.
At the time, the plan was for the junior Johnson to return to Lincoln and play his college football for Mike Riley. With his father’s college offensive coordinator dismissed at the end of the regular season, Johnson took to Twitter in mid-December to announce that he wouldn’t be returning to the Cornhuskers.
Johnson was a four-star member of the Cornhuskers’ 2017 recruiting class who was an early enrollee and participated in spring practice, but never played a down for NU. Before signing with Nebraska, he held offers from, among others, Alabama, Clemson, Florida State, Miami, Ohio State and USC.
Roster attrition across college football continues unabated, with Minnesota the latest to lose one its football players.
Zo Craighton revealed on his Twitter account Monday that, “[a]fter prayers and considerations,” he has decided to transfer out of P.J. Fleck‘s football program. “There will always be a place in my heart for Minnesota,” the redshirt sophomore cornerback wrote in his social media missive. “I made friends for life and I appreciate the fan base for all the support.”
Craighton played in 11 games the past two seasons, missing the final nine of the 2017 season because of injury. Coming out of high school in Louisiana, the defensive back was a three-star member of the Gophers’ 2015 recruiting class.