Rashada called in sick on Lifewallet NIL deal before flipping commit from Miami to Florida
Jaden Rashada took advantage of California NIL laws and entered into a NIL marketing deal with John Ruiz’ LifeWallet after committing to Miami in June.
But sources told CaneSport that he called in sick for a recent commercial shoot under the contract with LifeWallet that was supposed to take place during Miami-FSU weekend.
That was a precursor to what came early Friday morning when Rashada decommitted from Miami.
Lifewallet CEO John Ruiz declined comment Friday when contacted by CaneSport.
The financial terms of the Rashada-LifeWallet contract that has been in effect this year are unknown.
But Rashada and LifeWallet would have had to enter into a new NIL marketing agreement or extend the existing one after he had enrolled at Miami for it to continue during a Rashada career at Miami.
But obviously LifeWallet, which has marketing agreements with many Miami athletes, entered into the deal with the assumption that he would be becoming a Hurricane and that it would have a long-term relationship with Rashada.
Top 10
- 1
Nico Iamaleava update
Josh Heupel provides latest on Tennessee QB
- 2
Kirk calls out trash throwing
Herbstreit: "Enough is enough, clowns"
- 3
Ole Miss storms field
Celebration starts too early after beating Georgia
- 4
Herbstreit 'retired' from CFP show
College football analyst no longer on Tuesday rankings reveal
- 5
Tour of Oxford
Goalposts visit local landmarks after Georgia upset
California is one of just 14 states that allow high school players to transact NIL deals.
Now Rashada will be free to negotiate a new deal with the Florida Gators Collective once he enrolls in Gainesville.
The Rashada flip situation is expected to become a trend around college football in the coming days and weeks.
NIL was meant for active student-athletes but in some cases like this one with Rashada filtered down to the high school level. But these deals are non-binding and there is expected to be a lot of movement in December.
CaneSport has reached out to Rashada’s attorney, California based Michael Caspino for comment. He was unavailable Friday afternoon.
