Jaden Rashada was a Top 50 recruit, # 6 QB in the 2023 class that featured Arch Manning, Nico Iamaleava, Dante Moore and Jackson Arnold.  He had a reported $9.5 million deal to go to Miami but Florida kept pushing and, desperate for a difference maker at QB, offered him a four year deal totaling $13.85 million, which he accepted and signed (The Athletic has a copy of the contract).

But the Gator backers couldn't come up with the money (and Rashada didn't have an earth shaking senior year of HS), so they didn't pay and tried to renegotiate last second at (allegedly) less than 50 cents on the dollar.

Rashada bailed on Florida and ended up near me at Arizona State (I think his father had played here, that was the connection - for sure ASU isn't a player in NIL), and now is at Georgia, where presumably the checks don't bounce.

And now Rashada has sued Billy Napier and Florida, and the whole sordid mess hits the courtrooms. 

"Jaden Rashada sues Billy Napier, Florida booster over NIL deal"

https://www.espn.com/college-football/story/_/id/40189896/jaden-rashada-florida-recruit-lawsuit-nil

The Jaden Rashada NIL fiasco, now reaching the courts, underscores the complexities and growing pains of college athletics' new NIL landscape. Legal battles over promised compensation could set significant precedents for future student-athletes and their endorsements. This case highlights the urgent need for clear, enforceable guidelines to protect both athletes and institutions in this evolving domain.