Oklahoma State Coach Gundy declared that "the Ducks were spending $40 million annually on their football team, compared to the Cowboys' $7 million annual NIL budget, and that teams should potentially play against opponents based on spending". Is he wrong?
Auburn $18m-$20m
Tennessee $20m
USC $20m+
Michigan $20m+
Miami $25m+
A&M $25m+
Oregon $30m
Texas Tech $28m-$30m
Ohio State $35m+
Texas $40m
So just in the BiG you've got OSU, Oregon, Michigan, and USC as the biggest spenders. I suspect that PSU is in the $16m-$17m range and that teams like Nebraska, Washington, Wisconsin and Illinois aren't too far behind. The bottom half of the league doesn't have much of a chance.
hightopsport.com
Auburn $18m-$20m
Tennessee $20m
USC $20m+
Michigan $20m+
Miami $25m+
A&M $25m+
Oregon $30m
Texas Tech $28m-$30m
Ohio State $35m+
Texas $40m
So just in the BiG you've got OSU, Oregon, Michigan, and USC as the biggest spenders. I suspect that PSU is in the $16m-$17m range and that teams like Nebraska, Washington, Wisconsin and Illinois aren't too far behind. The bottom half of the league doesn't have much of a chance.

The 10 Biggest NIL Spenders in College Football for 2025 - Hightop Sports
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