Jaden Rashada is back on the market. The highly-touted quarterback has reportedly been released from his National Letter of Intent with Florida, according to a report from On3.

Rashada, out of Pittsburg (California), is the No. 7 quarterback and No. 59 overall recruit in the class of 2022 on the 247Sports Composite. Rashada signed with Florida during December’s Early Signing Period but did not enroll for spring classes at UF as he had planned.

It has been widely reported by multiple outlets, including The Athletic, that an NIL deal for Rashada with a Florida collective worth $13 million fell apart. With the issue unresolved and UF’s spring semester underway, Rashada filed paperwork for release from his National Letter of Intent with Florida.

Rashada’s departure is a significant blow to Florida’s quarterback depth. As of right now, Billy Napier’s squad has 3 quarterbacks on scholarship: Graham Mertz, Jack Miller and Max Brown.

Mertz transferred to UF from Wisconsin after the 2022 season. Miller, a transfer who saw limited playing time at Ohio State, made his Florida debut in a 30-3 loss to Oregon State in the Las Vegas Bowl. Brown, a 2022 signee, has yet to play football for UF and has joined the Gator baseball team for 2023.

With his release, Rashada can sign anywhere and play in the 2023 season. It will not count as a transfer. National Signing Day is set for Feb. 1.