How the Transfer Portal Is Devastating PC and URI — A New Cruel Reality

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How the Transfer Portal Is Devastating PC and URI — A New Cruel Reality

2024-2025 Providence College men's basketball team promotional photo, augmented by GoLocal.

 

The transfer portal for college basketball officially opened on Monday.

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To date, more than 600 players have entered, and that number is expected to rise. Last year, about 1,400 men's college basketball players entered the portal.

Two Division I teams in Rhode Island have been among the hardest hit in college basketball. The portal remains open until April 22.

To start, let us review some of the economics of college basketball today.

Presently, there are a little more than 5,600 Division I basketball players playing on 352 teams.

The revenue in college basketball generates an estimated $2 billion annually from broadcast rights, ticket sales, and merchandising.

 

Players in Focus

On average, men's basketball players in the NCAA earn about $65,853 annually through NIL deals as of July 2024. 

However, this figure can vary significantly based on the player's profile and the conference they play in. Duke All-American Cooper Flagg reportedly made upwards of $5 million this year and that number is climbing with additional endorsement deals.

If every player made an average of $100,000, it would only total $560 million. It is important to know that NIL payments are not paid out of the revenue the NCAA and the colleges and universities receive. NIL monies are payments to players from third parties — alumni and sponsors.

NIL dollars come in big and little payments. As Kevin Stacom recently highlighted, Rick Pitino’s St. John’s roster is funded primarily by one donor — billionaire Mike Repole. For Repole, donating $5 million or so in NIL monies is far cheaper than trying to buy the Knicks.

For two of the local teams — PC and URI — the portal is causing significant chaos.

For PC, the value of the men's basketball team is inextricably linked to the college.

Nearly every home game is a sell-out and the school claims it is big business. A report commissioned by PC and released this year highlights the effect of men's basketball, which the school claims is responsible for $24 million annually in local economic impact.

Meanwhile, Bryant and Brown Universities have yet to be impacted by mass defections of players to the portal.

Bryant’s situation may change as its coach, Phil Martelli, Jr., is leaving. He has accepted the top job at Virginia Commonwealth University, and often, players follow coaches.

One Brown player has entered the portal, and he has exhausted his Ivy League eligibility—SEE BELOW.

 

PC Coach Kim English PHOTO: GoLocal
Providence College — Between Graduation and Those Entering the Transfer Portal Only 5 of 16 Returning

In this past season’s Providence College team photo, sixteen players posed for the photographer. 

Five of the players have exhausted theor eligibility. It is not known how many will graduate with diplomas.

Those five players are Bensley Joseph, Jabri Abdur-Rahim, Wesley Cardet, Jr., and walk-ons Luke Fonts and Kieran O'Haire.

Then, six players have entered the transfer portal: Jayden Pierre, Bryce Hopkins, Anton Bonke, Eli DeLaurier, Christ Essandoko, and Justyn Fernandez.

Of the 16 Friars, just five are scheduled to return—Ryan Mela, Rich Barron, Oswin Erhunmwunse, Nilavan Jotham Daniels, and Corey Floyd, Jr.

However, the Friars do have two talented 4-star recruits enrolling in the fall of 2025. 

Jaylen Harrell and Jamier Jones are expected for the fall.

 

 

Lots of Holes to Fill

The Friars have a half-dozen slots to fill and massive scoring gaps. Of the Friars returning, the leading scorer was Floyd at 9.2 ppg.  Moreover, the scoring of all the returning players is just 29 ppg.

 

 

2024-2025 University of Rhode Island men's basketball team promotional photo, augmented by GoLocal

 

Rams Only Have Two Experienced Players Returning with Any Experience

The news in Kingston is more dire, as the Rams have not seen the postseason since 2017-18. 

URI has only gone to the NCAA Tournament twice in the past 20 years (both times under then-coach Dan Hurley). In the 20 years before that, the Rams went five times. 

Now, the proverbial cupboard has never been more bare.

First, the Rams graduated 71% of their scoring, and then were hit with four additional players announcing they are entering the portal.

The Rams that have announced their entrance to the portal are Cam Estevez, Tyronne Farrell, David Fuchs, and Always Wright.

URI Coach Archie Miller PHOTO: GoLocal
Head coach Archie Miller has two significant problems.

The first is that he only has two players with any functional game experience —Jamarques Lawrence, who averaged 9.9 ppg, and Drissa Traore, who averaged 2.8 ppg.

The next most experienced returning player is freshman walk-on Jaymien Aponte, who played five minutes and scored no points.

READ ABOUT THE RAM WALK-ONS HERE.

For PC and URI, the immediate future looks uncertain at best.

But, in the new world order, just one major donor can turn the lowest of mid-majors and turn them into a formidable program.


URI, PC, Brown and Bryant — Who Is In the Transfer Portal

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