In partnership with

Welcome to Beyond The Sideline, the community resource for the next generation of sports business leaders.

Big Idea

The September Pink Slip: Escalating Costs of an Early-Season Coaching Change

The college football season is a marathon, not a sprint. Yet, with every passing year, the pressure to win immediately intensifies, leading athletic directors to make decisions that would have been unthinkable a decade ago. Just three games into September, Power Five programs like UCLA or Virginia Tech have decided to part ways with their respective head football coach after a disastrous 0-3 start. While the immediate on-field chaos is a given, the modern landscape of college athletics, defined by the transfer portal and Name, Image, and Likeness (NIL) rights, has introduced a complex and potentially devastating new layer of consequences that can cripple a program for years to come.

The Immediate Fallout: A Season in Disarray

Firing a head coach mid-season has always been a Hail Mary pass. It disrupts team chemistry, creates a leadership vacuum, and often signals a surrender on the current season. An interim coach is thrust into an impossible situation, tasked with motivating a roster recruited and developed by the very person who was just shown the door. The game plans, the culture, and the long-term vision are all thrown into disarray, making it exceedingly difficult to remain competitive for the remaining nine games. For the players, the emotional and psychological toll can be immense, leading to a fractured locker room and a palpable sense of instability.

The Transfer Portal Tidal Wave

However, the most significant and immediate threat in today's environment is the NCAA transfer portal. As detailed in a recent ESPN report on the fallout of early-season coaching changes, a head coaching change triggers a 30-day window for every player on the roster to enter the portal and explore opportunities elsewhere without penalty. This isn't just about losing a few disgruntled players; it's a potential mass exodus. A team could see its depth chart decimated overnight. Star quarterbacks, lockdown cornerbacks, and veteran offensive linemen, the foundational pieces of a program, are suddenly free agents.

It's crucial to understand the mechanics of this mid-season window. While a player can enter the portal, they cannot play for another team in the same season. The NCAA prohibits competing for two different schools in one year. A player transferring in September could potentially enroll and begin practicing with their new team (like a school on the quarter system, such as UCLA, which starts classes later in the fall), but they would be ineligible for game action until the following season. This rule, however, does little to deter players who are already looking toward their future and securing a spot at a new program.

Another strategic consideration for players is the redshirt rule. Since 2018, players can participate in up to four games and still preserve a year of eligibility. A coaching change after just three games presents a clear incentive for some players, particularly those unhappy with their role or the team's direction, to sit out the rest of the season, redshirt, and transfer with an extra year of eligibility intact. While an entire team cannot simply redshirt, as players who have already used their redshirt year are ineligible, a significant portion of younger players could opt out, leaving the program with a skeleton crew to finish the schedule.

The NIL Complication: Unraveling the Financial Web

This leads to the second, and arguably more complex, financial issue: NIL. The top players who are most likely to be poached by other programs are often the ones with the most lucrative NIL deals. In the new era where schools can directly pay athletes, employment-style contracts may include "clawback" provisions. These clauses could theoretically require a player to repay a portion of their compensation if they leave the program prematurely. However, the enforceability of these provisions is largely untested in court. As seen with attempts by some collectives to enforce buyouts, legal battles are likely, and the outcomes will set major precedents for player contracts moving forward.

Furthermore, a significant portion of NIL money still flows from booster-led collectives, which operate independently from the university. It is highly unlikely that agreements between a player and a collective contain the same stringent clawback language as a university contract. If a star player with a six-figure deal from a booster group decides to transfer, that money is likely gone for good, with no recourse for the collective that invested in him to represent their team. This financial drain, coupled with the on-field talent drain, can leave a program and its donor base in a state of shock.

Conclusion: A High-Stakes Gamble

The decision to fire a head coach just a few weeks into the season has always been a gamble. But now, the stakes are higher than ever. It's no longer just about writing a check for a multi-million dollar buyout and weathering a few bad losses. It's about risking the immediate implosion of your roster, navigating a legal gray area of NIL contracts, and potentially losing the financial backing of key supporters. Athletic directors must now weigh not just the win-loss record, but the very real possibility that pulling the trigger too early could cripple their program for years to come. The September coaching change has become one of the riskiest moves in the high-stakes world of college football

Business

Niche to Necessity: NWSL’s Sponsorship and Investment Boom

For years, women's professional soccer was viewed by many brands as a "nice-to-have" rather than a "must-have" in their sponsorship portfolios. That narrative has been completely rewritten. The National Women's Soccer League (NWSL), now in its 13th year, is experiencing an unprecedented financial boom, marked by soaring franchise values, a flood of blue-chip sponsors, and a landmark media rights deal that has supercharged its growth. The league isn't just growing; it's proving to be one of the smartest investments in modern sports.

The financial metrics surrounding the NWSL are staggering. According to a 2025 report from Forbes, the average franchise value in the league has skyrocketed to $134 million, with the 14 clubs collectively worth nearly $2 billion. This represents a monumental leap from just a few years ago, when teams were trading for less than $5 million. Angel City FC leads the pack with a valuation of $280 million, closely followed by the Kansas City Current at $275 million. Even more telling is the price of entry; new expansion franchises in Denver commanded fees of $110 million, signaling immense confidence from a new class of savvy investors, including institutional giants like Sixth Street and Carlyle.

This valuation surge is fueled by a sponsorship explosion. According to the NWSL Partnerships Report 2024-25 by SponsorUnited, league teams generated a combined $75 million in sponsorship revenue in 2024 from over 440 deals, an 8% year-over-year increase. Major national brands are lining up to partner with the league, including AT&T, Nike, Ally Financial, Deloitte, Delta, and Google Pixel. AT&T recently signed on as the league's official connectivity partner, sponsoring the MVP award and the first-ever NWSL Awards Show. This influx of corporate support is a direct result of the league's dedicated and engaged fanbase. A 2025 Women's Soccer Fan Survey by Parity found that women's soccer fans are 58% more likely to purchase from a brand that sponsors the sport compared to fans of other women's sports, a level of loyalty that marketing executives dream of.

A pivotal catalyst for this growth was the league's new media rights deal. In 2023, the NWSL secured a four-year, $240 million agreement with CBS, ESPN, Amazon Prime Video, and Scripps Sports. This deal represented a 40-fold increase over its previous contract and immediately boosted the league's visibility. In the first year of the new package, television viewership surged to a record 18.7 million, a fivefold increase from the previous year. This enhanced exposure not only brings in more fans but also makes the league an even more attractive platform for sponsors seeking national reach.

When evaluating these investments, experts often look at the average revenue multiplier, a key metric used to determine a team's or league's valuation. It is calculated by dividing the enterprise value (what the team is worth) by its annual revenue. A higher multiplier indicates that investors are willing to pay a premium based on the expectation of strong future growth. While the NWSL's average revenue multiple of 8.8x is currently lower than that of the NBA (11.7x) or the NFL (9x), it is nearly on par with Major League Soccer (9.3x), a league that is more than a decade older. This demonstrates that investors see a remarkable upward trajectory for the NWSL.

With attendance hitting a record two million fans in 2024, the establishment of a second division to develop talent, and a passionate fanbase that actively supports sponsors, the NWSL's growth shows no signs of slowing. The league has successfully transitioned from a promising venture into a commercial powerhouse, proving that investing in women's sports is brilliant for business.

By The Numbers

Numbers That Jumped Off the Page

$40 Million- ESPN's most outspoken personality, Stephen A. Smith, is expanding his empire beyond sports with a new political talk show on SiriusXM. With a reported total earning potential nearing $40 million a year from his various deals, Smith is proving that a big personality can translate into big business.

$1.1 Million- Netflix's big boxing bet paid off and then some, as the streaming giant announced that a massive 41.1 million viewers globally tuned in to watch Terence Crawford's victory over Canelo Alvarez. The main event itself didn't even start until 1 a.m. ET and was watched by 36.6 million people, making it a huge win for Netflix's live sports ambitions.

$3.8 Billion- The Washington Commanders are officially staying in the District, as the D.C. Council has approved a massive $3.8 billion project for a new stadium. This deal ends years of speculation about the team's future home and kicks off a huge new development project in the city. It seems the Commanders have finally found a place to plant their flag for the long term.

Pulse Check

Last week, we asked BTS readers, “If salary caps were removed, which league would change the most?” Here’s what they thought.

Login or Subscribe to participate

Do you have a topic you want us to cover, a survey question you'd like us to ask, or any news you'd like to share? Let us know at [email protected].

Looking for a new role? Subscribe to the BTS Job Roundup for a weekly summary of the hottest jobs across the business of sports.

/adver

Looking for unbiased, fact-based news? Join 1440 today.

Join over 4 million Americans who start their day with 1440 – your daily digest for unbiased, fact-centric news. From politics to sports, we cover it all by analyzing over 100 sources. Our concise, 5-minute read lands in your inbox each morning at no cost. Experience news without the noise; let 1440 help you make up your own mind. Sign up now and invite your friends and family to be part of the informed.

Forward to other future sports business leaders

Reply

Avatar

or to participate

Keep Reading