Jaden Rashada, one of the top quarterback prospects in the Class of 2023, has been released from his National Letter of Intent by Florida and is now free to sign with another team, a source told ESPN.
Rashada, who was the Gators’ highest-rated 2023 class signer in December, requested his release after a $13 million name, image and likeness package failed.
State law prohibits Florida universities from providing or arranging NIL compensation. Transactions are therefore concluded through third parties called collectives.
The Associated Press reported that the Gator Collective ended its deal with Rashada, which was to be paid over four years.
Rashada never signed up for classes and requested his release earlier in the week.
The No. 27 ESPN 300 player, Rashada becomes the highest-ranked uncommitted prospect in the Class of 2023.
National Signing Day is February 1.
Rashada, who is from California, was originally engaged in Miami before returning to his engagement in Florida.
He has received offers from a number of Power 5 programs. According to 247 Sports, he has made official visits to LSU, Texas A&M and Ole Miss, in addition to Miami and Florida.
The Gators are slim at quarterback with Rashada now off the board.
Last year’s starter Anthony Richardson declared for the NFL Draft. His replacement, Jalen Kitna, was dismissed following his arrest for child pornography.
Florida signed the transfer from Wisconsin and former rookie Graham Mertz in December. He is expected to compete with former Ohio State transfer Jack Miller III for the starting job.
On3 was the first to report that Rashada had secured his release.