Miami Hurricanes guard Isaiah Wong will enter the transfer portal on Friday if his name, image and likeness (NIL) compensation isn't increased, his NIL agent, Adam Papas of NEXT Sports Agency, told ESPN on Thursday.
"If Isaiah and his family don't feel that the NIL number meets their expectations they will be entering the transfer portal tomorrow, while maintaining his eligibility in the NBA draft and going through the draft process," Papas said.
"Isaiah would like to stay at Miami," Papas said. "He had a great season leading his team to the Elite Eight. He has seen what incoming Miami Hurricane basketball players are getting in NIL and would like his NIL to reflect that he was a team leader of an Elite Eight team."
Papas says he recently negotiated an NIL deal for Kansas State transfer Nijel Pack that included $800,000 over two years plus a car. Pack was considered the No. 1 player in the transfer portal before committing to Miami. The deal was funded by billionaire John Ruiz, who has been at the forefront of the NIL movement, orchestrating deals across several sports. Among them are deals with women's college basketball twins Haley and Hanna Cavinder -- who transferred from Fresno State to Miami -- and UCLA football transfers Caleb Johnson and Mitchell Agude.
Ruiz has 111 deals signed or pending with Hurricanes athletes to promote his companies, LifeWallet and Cigarette Racing, according to a report in the Miami Herald on Wednesday.
"Isaiah is under contract," Ruiz said in a text message to ESPN. "He has been treated by LifeWallet exceptionally well. If that is what he decides, I wish him well, however, I DO NOT renegotiate! I cannot disclose the amount, but what I can say is that he was treated very fairly."