Miami Hurricanes guard Isaiah Wong has chosen not to enter the transfer portal, he told ESPN, less than 24 hours after his agent said he would transfer if his name, photo and compensation were not increased.
Wong will keep his name in the NBA draft while retaining his eligibility for college and leaving the possibility of returning to Miami open.
He and his representatives spoke with LifeWallet CEO John Ruiz to discuss their disagreements over his current deal, and both sides will continue their partnership going forward.
Ruiz told ESPN’s Dan Murphy that Wong’s current NIL deal will remain in place.
“Glad Wong did not enter the portal,” Ruiz wrote on Twitter. “This is an amazing youngster and his mother is amazing. The deal remains the same, but as I said the first day I want to help him get other NIL deals.”
Wong has been assured that his LifeWallet agreement complies with NCAA rules for student-athletes and Florida state law.
On Thursday night, Wong’s NIL agent, Adam Papas of NEXT Sports Agency, told ESPN that Wong wanted his NIL deal to more accurately reflect his importance to Miami, otherwise he would enter the portal.
“If Isaiah and his family do not feel the NIL number lives up to their expectations, they will enter the transfer portal (Friday) while retaining their eligibility for the NBA Draft and reviewing the draft process,” Papas said.
“Isaiah wants to stay in Miami. He had a great season leading his team to Elite Eight. He’s seen what future Miami Hurricane basketball players get in the NIL and wants his NIL to reflect that he was a team leader. for an Elite eight team. “
In response, Ruiz acknowledged that Wong was “under contract” and he would not renegotiate the terms.
“He’s been treated exceptionally well by LifeWallet,” Ruiz told ESPN Thursday night. “If that’s what he decides, I wish him all the best, however, I do NOT renegotiate! I can not state the amount, but what I can say is that he was treated very fairly.”
Ruiz has 111 agreements signed or pending with Hurricanes athletes to promote his companies, LifeWallet and Cigarette Racing, according to a report in the Miami Herald on Wednesday.
Papas told ESPN that he recently negotiated a NIL deal for the Kansas State transfer Nijel Pack – the number one transfer on the portal before committing to Miami – which included $ 800,000 over two years plus a car. The agreement was funded by Ruiz.
Florida law does not allow schools to be involved in NIL agreements, and according to a Miami spokesman, it does not discuss or comment on NIL-specific agreements due to state law. Papas confirmed to ESPN on Thursday that he did not speak directly to Miami’s coaching staff.
The NCAA does not comment on specific cases, but NCAA Vice President of Academic and Membership Affairs Dave Schnase said the NCAA is looking at NIL regulation.
“We’re trying to get this right,” Schnase said. “It’s really about student-athletes and giving them an opportunity to be involved in NIL activities while promoting fair national competition.”
Wong, a 6-foot-3 guard from New Jersey, averaged 15.3 points last season, which helped lead Miami to the NCAA Tournament Elite Eight. He averaged 17.1 points in the 2020-21 season and is a two-time All-ACC pick.