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Editor’s Note: This post was updated on June 9, 2026, to reflect the NCAA’s updated guidance issued on June 5, 2026, in response to recommendations from stakeholders in men’s ice hockey, men’s basketball, and the U.S. national service academies.

During its May meeting, the Division I Cabinet proposed and discussed an age-based eligibility model (i.e., the 5-in-5 proposal) that would give student-athletes five years of eligibility, beginning either the academic year after turning 19 or upon graduation from high school, whichever happens first.

Last week, the NCAA launched a forensic investigation into the University of Mississippi (Ole Miss) football program following public complaints alleging potential tampering involving linebacker Luke Ferrelli. Ferrelli, the ACC Defensive Rookie of the Year as a member of the University of California, Berkeley during the 2025 season, entered the transfer portal this offseason, signed a revenue-sharing contract with Clemson, then later reentered the portal and ultimately transferred to Ole Miss.

On December 9, 2025, the University of Utah, in what appears to be the first such deal of its kind, announced plans to partner with Otro Capital in a private equity arrangement. The deal is projected to generate approximately $500 million in capital for the university’s athletic programs.[i] Otro Capital is a New York-based firm that invests in sports teams and leagues.[ii]