Michigan’s season took another hit Saturday, and Bryce Underwood was at the center of it.
The Wolverines dropped to 3-2 after a 20-14 loss to Minnesota, a game Michigan led 14-7 at halftime before the Golden Gophers ripped off 10 unanswered points in the second half. Underwood’s mistakes helped swing things the other way, with two interceptions after the break leading directly to two Minnesota scoring drives.
That kind of night naturally brings the money conversation back into focus. Underwood’s NIL story has been one of the loudest in college football since Michigan pulled him away from LSU.
The Wolverines, their NIL collective, Oracle founder Larry Ellison and Barstool Sports founder Dave Portnoy were all heavily involved in the push to land him. Underwood had been a longtime LSU commit before Michigan surged late, and he arrived in Ann Arbor as the No. 1 overall player in the 2025 class.
On3Sports has Underwood’s NIL valuation at $3 million for 2026. As recently as August of 2026, On3’s Pete Nakos called Underwood’s Michigan package "one of the most lucrative NIL packages to date for a high school recruit."
CBS Sports reported that when Underwood flipped from LSU to Michigan, the deal was believed to be closer to $10 million. If he stays at Michigan for three seasons, that $3 million annual figure would put him in that same neighborhood.
On a per-game basis, the math is stark. Based on that $3 million number and a standard 12-game schedule, Underwood is making $250,000 per game.
Against Minnesota, he didn’t deliver like a quarterback carrying that kind of price tag. Underwood finished 10-of-21 for 101 yards with two interceptions, and he added 20 rushing yards on 10 carries.
Now the question in Ann Arbor is whether Michigan sticks with him. A quarterback change is clearly on the table with games still ahead against Indiana, Oregon, UCLA, and Ohio State. After the loss, UM head coach Kyle Whittingham said offensive changes could be coming, and that could include personnel.
Underwood’s backup is Tommy Carr, a former 4-star quarterback prospect and the grandson of legendary former Michigan head coach Lloyd Carr, who coached the Wolverines from 1995-2007.
Whittingham was asked earlier in the year whether he would consider making a switch after Underwood’s uneven Week 1 showing against Western Michigan. His answer was simple:
"He's our quarterback right now"
Whether that remains true in the weeks ahead is now one of the bigger questions around Michigan.
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