Texas A&M Joins College Football's Biggest Spenders Now Expectations Soar

In the evolving NIL era, college football teams are breaking the bank on player rosters, with seven programs projected to top $40 million in expenditures by 2026.

College football’s roster market has officially entered a different universe.

In the NIL era, the sport’s richest programs are no longer just recruiting hard - they’re buying flexibility, depth and star power at a scale that would have sounded absurd not long ago. CBS Sports surveyed more than 50 industry sources and came away believing seven teams spent more than $40 million on their rosters in 2026, even though the exact figures aren’t public.

That list starts with LSU, where Lane Kiffin’s move from Ole Miss sparked what CBS Sports described as a major spending spree. The report says the “Portal King” arrived with several high-profile transfers, and offensive tackle Jordan Seaton is earning more than $4 million annually.

Miami is right there in the same spending tier. The Hurricanes’ 2026 roster is reportedly well into the $40 million range, with quarterback Darian Mensah taking up a sizable chunk after leaving the Duke Blue Devils. Miami is also paying seven-figure salaries to EDGE Damon Wilson, wide receiver Malachi Toney and freshman offensive tackle Jackson Cantwell.

Notre Dame’s approach looks a little different from the transfer-heavy model most people associate with big roster spending. Because of its academic standards, the Fighting Irish are putting much of their money into keeping players and building through high school recruiting. CBS Sports cites a Big Ten general manager who said Notre Dame is spending heavily on a high school class that ranks No. 2 in the country.

Ohio State remains exactly where you’d expect in this conversation. The Buckeyes were rumored to have spent nearly $20 million when they won in 2014, and the report says the number has kept climbing. Quarterback Julian Sayin, wide receiver Jeremiah Smith and defensive lineman Kenyatta Jackson Jr. are among the headline names on the roster.

Oregon is in the mix too, and the Ducks keep showing up in these money conversations for a reason. CBS Sports points to quarterbacks Dante Moore and Dylan Raiola, plus a defense that includes Koi Perich.

An SEC front-office staffer told CBS Sports that Oregon and Miami have the financial muscle to push other programs into leaning harder on talent evaluation. The report also notes the role of alumnus and Nike co-founder Phil Knight.

Texas is still spending at a major level even with Arch Manning reportedly taking a smaller share of the program’s revenue-sharing money. CBS Sports says the Longhorns continue to invest heavily, with multi-million-dollar transfer wide receiver Cam Coleman, projected first-round offensive tackle Trevor Goosby and highly paid running backs from the transfer portal all part of the picture.

Texas A&M rounds out the group, though its situation is a little more fluid. CBS Sports places the Aggies in the upper-$30 million range for 2026, with incentives that could push the total into the $40 million neighborhood. The report says Texas A&M has multiple seven-figure players on both sides of the ball.

One thing ties six of the seven schools together: Miami, Notre Dame, Ohio State, Oregon, Texas and Texas A&M have all made the College Football Playoff at least once in the last two seasons. LSU is the exception, but Kiffin just led Ole Miss to the CFP last year, which is exactly why the Tigers are betting big on him now.

The broader picture is impossible to miss. Exact roster costs are still hidden in plenty of places, but the scale of spending at these seven programs makes one thing clear: in college football, the race to build a contender now runs straight through the budget sheet.

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