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College Football's Biggest NIL Value Movers This Week

The short answer

termiNIL's Sept. 28-29, 2026 snapshot shows Baylor quarterback DJ Lagway with the week's largest dollar gain, up 218% to a modeled $3.16 million, while Oregon wide receiver Jeremiah McClellan fell the most in dollar terms, down 48% to $1.17 million. Six of the largest gains cluster near a 1,145% jump and six of the largest losses cluster near 38% down, a sign of tier-based repricing rather than six unrelated news events.

Key takeaways
  • DJ Lagway (Baylor, QB) posted the week's largest dollar gain, up 218% to a modeled $3.16M.
  • Kyle Koch (North Texas, WR) posted the week's largest percentage gain, up 1,159% to $617K.
  • Jeremiah McClellan (Oregon, WR) took the week's largest dollar decline, down 48% to $1.17M.
  • Antwaun Parham (Tulane, WR) fell furthest by percentage, down 92% to $53K.
  • termiNIL now prices 14,068 players for a combined market of $3.16B, with a $103K median valuation.
  • 223 players are currently held out of termiNIL's rankings and callouts pending a manual review of implausible pricing.

Baylor quarterback DJ Lagway posted the largest dollar gain in this week's termiNIL snapshot, up 218% to a modeled $3.16 million. Oregon wide receiver Jeremiah McClellan lost the most ground in dollar terms, down 48% to $1.17 million. Both numbers come from the same one-day comparison, Sept. 28 to Sept. 29, 2026, across the 3,909 players termiNIL revalued in that window.

Look past the top line and a pattern shows up twice. Six of this week's largest gainers land within a few points of a 1,145% jump. Six of the largest losers land within a point of 38% down. Different players, different teams, different conferences, the same band twice. That is not six unrelated news events breaking the same week. It is what a tier-based repricing model looks like when depth-chart role and grading confidence move a valuation further than raw performance does.

Who Gained the Most NIL Value This Week?

PlayerTeamPosChangeNew Value
DJ LagwayBaylorQBup 218%$3.16M
Antonio KiteOle MissCBup 1,146%$1.28M
Noah RogersAlabamaWRup 675%$1.08M
Nick MarshIndianaWRup 61%$2.00M
Tyler BrownIowaSup 1,145%$772K
Jacobe HayesTCUWRup 1,146%$760K
Jackson HarrisLSUWRup 61%$1.81M
Grayson O'BaraNorth TexasWRup 738%$737K
Iverson HooksOregonWRup 400%$785K
Stonka BurnsideMemphisWRup 1,142%$683K

Nick Marsh (grade B+, high confidence) and Jackson Harris (grade A, high confidence) are the cleanest gains in this table, both established starters whose valuations are catching up to a full season of grading data rather than repricing off a thin sample. Jacobe Hayes, Grayson O'Bara, and Stonka Burnside are the opposite case: each carries a C- grade and "low" confidence, which is why a starting value under $90,000 turned into an 1,100-percent-plus swing once the model had more to work with.

Who Lost the Most NIL Value This Week?

PlayerTeamPosChangeNew Value
Jeremiah McClellanOregonWRdown 48%$1.17M
Dylan LonerganRutgersQBdown 38%$1.36M
Shazz PrestonIndianaWRdown 38%$1.31M
Zycarl Lewis Jr.TulaneWRdown 88%$106K
Jordan DwyerTCUWRdown 47%$854K
Jake MerklingerUConnQBdown 60%$489K
Jamari HawkinsArkansasWRdown 38%$1.02M
Immanuel EzeoguColoradoDEdown 92%$54K
Antwaun ParhamTulaneWRdown 92%$53K
Chiddi ObiazorIndianaDEdown 38%$989K

This list is not dominated by unproven players. McClellan (grade A, 96), Preston (grade A-, 93), Dwyer (grade A-, 91), Hawkins (grade A-, 92), and Obiazor (grade A, 95) are all high-confidence, elite-graded players, and all five sit two spots deep on their team's depth chart. Each one lost between 38% and 48% of its value this week despite the grade, which suggests termiNIL's model is applying a depth-chart discount that can outweigh tape quality. Zycarl Lewis Jr. and Antwaun Parham sit at the other extreme, freshmen buried six and twelve spots deep with thin data behind them, and both fell closer to 90%.

Why Do So Many Players Move by the Same Percentage?

Look at the "Change" column in both tables above. Antonio Kite, Tyler Brown, and Jacobe Hayes, three different positions from three different conferences, all landed within half a point of 1,145% up. Dylan Lonergan, Shazz Preston, Jamari Hawkins, and Chiddi Obiazor, a quarterback and three skill-position backups from three separate programs, all landed within a point of 38% down. No single game, injury report, or depth-chart move explains a Big 12 quarterback and a Big Ten defensive end shifting by the same fraction in the same 24 hours. It is a signature of termiNIL's model applying the same adjustment band to every player who shares a role tier and confidence level, worth knowing before reading any one mover as a verdict on that player's week.

How Big Is the College Football NIL Market Right Now?

termiNIL prices 14,068 players for a combined market of $3.16B, with a $103,000 median valuation and 471 players above $1 million. Separately, termiNIL's audit currently holds 223 players out of rankings and blog callouts because their pricing looks implausible on its face, a seven-figure valuation with zero snaps, for instance. None of the players named above are on that excluded list; every mover here carries a valuation termiNIL is willing to stand behind, even where confidence is still developing.

Check any player's current valuation, grade, and confidence level in the termiNIL terminal, or read how NIL valuations are calculated for the full methodology behind these numbers. For last week's snapshot, see the Sept. 24 movers report.

Frequently asked questions

What is termiNIL's NIL value movers list?
It's a comparison of termiNIL's modeled valuations for every tracked player across two snapshots, isolating the largest dollar and percentage changes. This one compares Sept. 28, 2026 to Sept. 29, 2026 across 3,909 players with a valuation on both dates, inside a market termiNIL prices at $3.16B total.
Why did DJ Lagway's NIL value jump this week?
Baylor's starting quarterback carries a C+ grade (70) with high confidence, and his modeled value rose 218% to $3.16M as termiNIL's model absorbed fresh performance and role data. It's the largest single dollar gain of the week among the players termiNIL tracks.
Why do so many well-graded backups lose value by the same percentage?
Five of this week's biggest dollar losses are A-minus-or-better graded players sitting two spots deep on their team's depth chart, and each fell within a point of 38% or 47%. That pattern points to termiNIL's model discounting for depth-chart role on a banded schedule, separate from how well a player grades on tape.
How many college football players does termiNIL track?
termiNIL currently prices 14,068 players across 138 programs for a combined market of $3.16 billion. The median individual valuation is $103,000, and 471 players are valued above $1 million.
Are all valuations on this list confirmed accurate?
No. termiNIL's audit process currently holds 223 players out of rankings and callouts because their pricing looks implausible, a seven-figure value with no snaps, for example. None of the movers named in this post are on that excluded list.

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Methodology note. All player valuations on termiNIL are modeled estimates produced by a transparent bottom-up factor model — position base × role × production grade × team × market × social reach. They are not reported salaries, verified contract figures, or statements of fact about any athlete's actual compensation, and they are calibrated on an ongoing basis against confirmed market data. termiNIL is independent and is not affiliated with the NCAA, the College Sports Commission, any school, collective, or agency.

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