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Miami’s Isaiah Wong Threatens To Transfer If NIL Isn’t Increased

If he does not receive an increase in compensation from his name, image, likeness deal, University of Miami hooper Isaiah Wong plans to enter the NCAA transfer portal.

Wong’s agent, Adam Papas, confirmed the player’s plans to ESPN on Thursday. “If Isaiah and his family don’t feel that the NIL number meets their expectations, they will be entering the transfer portal (Friday), while maintaining his eligibility in the NBA draft and going through the draft process,” Papas said.

John Ruiz, a billionaire, who funds Wong’s current NIL deal via his numerous companies, including LifeWallet, seems poised to watch the Hurricane blow away.

“Isaiah is under contract. He has been treated by LifeWallet exceptionally well,” Ruiz told ESPN. “If that is what he decides, I wish him well, however, I DO NOT renegotiate! I cannot disclose the amount, but what I can say is that he was treated very fairly.”

Earlier this week, Kansas coach Bill Self admitted that NCAA basketball is now “out of control,” thanks to the combination of NIL deals and the transfer portal. Wong’s threat to leave without a pay increase seems to support Self’s point.

CaneSport.com reports that Wong’s existing NIL deal, financed through Ruiz and LifeWallet, pays him $100,000. As a sophomore, Wong averaged just over 15 points, 4 rebounds and 2 assists in 2021-22. He was the second-leading scorer for a Hurricanes team that reached the Elite Eight.

“Isaiah would like to stay at Miami,” Papas told ESPN. “He had a great season leading his team to the Elite Eight. He has seen what incoming Miami Hurricane basketball players are getting in NIL and would like his NIL to reflect that he was a team leader of an Elite Eight team.”

As Papas loosely suggests, the underlying cause of Wong’s unhappiness appears to be the NIL deal of teammate Nijel Pack. Pack, a Kansas State transfer, reportedly received a two-year, $800,000 deal from Ruiz that also includes a car.

“It’s a unique situation just completing Nijel Pack’s deal with Miami. Understanding what John Ruiz is trying to do with the NIL space and the city of Miami, we feel the value of Isaiah Wong should meet or exceed the value of an incoming transfer,” added Papas.

College athletes who wish to transfer and still maintain their eligibility for the 2022-23 season must enter the transfer portal by Sunday.

 

Follow along on Twitter: @OhioAF

 

Written by Anthony Farris

Anthony is a former high school basketball intramural champion who played a leading role in creating two offspring. He spends his weekends hoping for an MTV Rock N' Jock revival.

Follow him on twitter @OhioAF

7 Comments

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  1. I hope this isn’t coming from his family and friends, this entitlement attitude. I’m so glad to have grown up in the 70’s and early 80’s where a good work ethic and learning to earn your keep was taught to me by my parents.

  2. Sooner more than Later … All the NIL deals will be public knowledge. The “student athletes” already know what each is getting. The jealousy created by “he is getting more than me…WAAAAAA!” will become the norm.

    The Fat Cats in “The Collectives” will be forced to ante up more and more or watch their players “enter the portal” …. NIL MADNESS is Coming !!!! Hang On Sloopy!

      • I will always love my WVU Mountaineers, but for any middle of the road Power 5 teams (about 75% of us) it is hard to keep up with the money and big boosters. There aren’t many teams on the same financial footing as Texas, Texas A&M, Ohio St., Georgia, and Alabama for instance. The rest of us will struggle to stay relevant because rosters will continually turn over and turn over due to NIL and free transfers. There need to be rules in place, like not having what is effectively 24/7-365 free agency. Put a time limit on transferring or a player has to sit out a year like previously. That would be step 1.

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