re: “Star” players in portal for NIL leverage….

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You can play when you're in the portal technically. It's just a place where it says other coaching staffs can contact you, thats it.

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Yep. Although it is difficult to imagine many coaches wanting to play a kid who is simultaneous confirming he's willing to listen to other schools about transferring.

I can see a situation where the player is out for the season with injury for a CFP and has entered the portal before the CFP starts (you've already seen a few Michigan players do just that). But it may become more interesting if a guy is a key backup for the CFP, but has already made a decision to transfer. Is a playoff coach going to allow that guy to both enter the portal AND practice/potentially play in the CFP? Or is he going to tell him he can't participate with the team if he is in the portal?