Connect with us

Published

on

Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up!

Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter Subscribe

In the global banking world, a week that began with high anxiety is ending in both relief and trepidation.

Treasury Secretary Janet Yellen assured lawmakers during testimony on Thursday that the U.S. banking system “remains sound,” even as tough questions remain about banking supervision and problems that may yet be undetected, perhaps on the credit side of banking ledgers, some analysts have suggested.

A group of 11 major banks agreed on Thursday to deposit a combined $30 billion in San Francisco’s First Republic Bank to rescue it from liquidity problems. The bank has the third-highest rate of uninsured U.S. deposits (The Hill). Some experts do not think the groups’ plan will completely put to rest emerging questions about the banking system (The Wall Street Journal), but the goal was to demonstrate private sector confidence in the smaller, struggling bank and allow depositors to withdraw funds seamlessly, if they chose, as The New York Times describes in a dissection of how the plan came together in 48 hours.

Credit Suisse based in Zurich received a $54 billion lifeline on Wednesday from Switzerland’s Central Bank to forestall possible panic that analysts worried might cause a run on banks in Europe and elsewhere. And depositors in collapsed Silicon Valley Bank and Signature Bank on Monday were able to access 100 percent of their funds no matter how much they’d insured, thanks to the intervention of the Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Treasury Department.

The upshot: Bank stocks began to recover on Thursday, a sign of stabilizing confidence (NBC News).

Although Yellen sought to reassure the Senate Finance Committee, she acknowledged that authorities stepped in to backstop even uninsured deposits at insolvent Silicon Valley Bank (SVB) and Signature Bank due to the threat of “systemic risk” — the possibility of unstoppable contagion and panic — that merited exceptions to the FDIC’s $250,000 cap on federally insured deposits. A reported 94 percent of SVB’s deposit accounts were above the FDIC limit.

Is that exception now the norm for everyone? Should it be? A bank “only gets that treatment” if regulators determine it meets certain criteria, Yellen told Sen. James Lankford (R-Okla.). As a result, depositors at other banks may not be guaranteed similar protections (CNBC). To merit that exception requires a two-thirds majority vote of the boards of the Federal Reserve, the FDIC and the Treasury secretary in consultation with the president (NBC News).    

Yellen said inflation remains the administration’s top economic concern even as prices have fallen slightly. February’s 6 percent level is still well above the central bank’s 2 percent target. The Fed had been expected, before the emergence of stressed and failing banks, to continue its assertive strategy of higher interest rates in order to slow the economy and bring down prices.

Fed watchers and market analysts are of mixed minds about whether the Federal Open Market Committee, which meets next week, should continue raising rates in March or pause for a time to assess economic and financial data.

“They should definitely pause,” Joe LaVorgna, chief economist with SMBC Nikko Securities America Inc., told CNBC when asked Tuesday what the Fed should do next. “Right now, what’s happening is these small- and medium-sized banks are scrambling for deposits. Wait. See if things evolve. … Go five weeks. See what happens. You can reevaluate in May.”

Related Articles

▪ CNBC: One year after the first rate hike, the Fed stands at a policy crossroads. 

▪ MarketPlace: “Financial conditions” are closely watched by the Fed — and at the moment, very complicated.

▪ The Wall Street Journal: Why top Washington officials chose to rescue SVB and Signature Bank depositors. 

▪ CNBC: Credit Suisse this morning London time shed another 5 percent as traders digest emergency liquidity.

▪ The New York Times: The European Central Bank on Thursday raised interest rates half a point, becoming the first major central bank to set monetary policy amid banking worries that gripped markets this week.

LEADING THE DAY

➤ ADMINISTRATION

The Monday approval of a massive oil-drilling project in Alaska has put Interior Secretary Deb Haaland in a difficult position, The Hill’s Zack Budryk writes, pitting her against many of the environmental groups that saw her as a top ally and underlining the White House’s ultimate authority. 

Haaland has also been in the news this week after signaling her support for a road through the Izembek National Wildlife Refuge in Alaska. The road has been at the center of a decades-long battle between the largely Indigenous people of King Cove — who say it will provide lifesaving access to a Cold Bay runway — and environmental groups who say a road will harm the refuge. At the same time, the administration said it is withdrawing a land-swap deal that would have allowed the road, after the 9th U.S. Circuit Court of Appeals sided in November with environmental groups. Haaland said that rather than continue the legal battle, she would launch a review process to examine different options for a land swap that would be needed to construct a road between the two communities. 

“This decision does not foreclose further consideration of a land exchange to address the community’s concerns, although such an exchange would likely be with different terms and conditions,” a brief by the Interior Department states, adding that the Trump-era deal was made with procedural flaws and did not assess how a road could damage locals’ subsistence lifestyle and the region’s natural habitat (The Anchorage Daily News and The Washington Post). 

CNN: Biden is expected to designate Avi Kwa Ame in Nevada as the largest national monument of his presidency next week. The president previously announced his commitment to protecting the area, which is a sacred site for Fort Mojave and other Native American tribal nations.

The Biden administration is ramping up pressure against the popular video sharing app TikTok, threatening to ban the app if the Chinese-based ByteDance doesn’t sell its stakes. As The Hill’s Rebecca Klar and Ines Kagubare report, the demand, confirmed by TikTok late Wednesday, marks the latest escalation in U.S. governmental pressure over the app over potential security risks critics on both sides have raised based on the app’s ties to China. TikTok CEO Shou Zi Chew, who is scheduled to testify before a House panel next week, said divesting wouldn’t solve any security concerns, and the company has doubled down on its ongoing plans to monitor and separately store U.S. user data instead.  

▪ The Washington Post: Governments around the world have moved to ban or restrict TikTok amid security fears.

▪ The Wall Street Journal: TikTok CEO’s message to Washington: A sale won’t solve security concerns.

▪ The New York Times: TikTok could be a hard sell to potential buyers.

🏀 Biden unveiled his March Madness bracket on Thursday as Vice President Harris rooted for Howard University, her alma mater, against the University of Kansas during a first-round NCAA men’s basketball game while she and her husband, Doug Emhoff, were in Des Moines, Iowa (ESPN and The Hill). The president’s bracket was promptly busted when the University of Arizona went down to an underdog Princeton team (The Hill).

➤ POLITICS 

Democrats in Republican-leaning Louisiana are trying to buck expectations for a third consecutive cycle in this year’s open gubernatorial race as term-limited Gov. John Bel Edwards (D) prepares to leave office, writes The Hill’s Amee LaTour. A divided Republican field is raising Democrats’ hopes of clearing the all-party primary on Oct. 14 and making it to the November general election, but they acknowledge they face several challenges to maintaining the governorship. 

“I don’t think anyone thinks that it’s going to be an easy task,” said Richard Carbo, Edwards’s former deputy chief of staff and 2019 campaign manager. “[Y]ou just have the headwinds of national politics and the Republican leaning of the state that are working against you. But … the governor showed how to defy those odds[.]” 

Meanwhile, congressional Republicans are dialing up the pressure on Biden on Social Security, writes The Hill’s Aris Folley, as the White House keeps up attacks on the party over proposed reforms to the program. 

The Senate on Thursday advanced a bill to repeal the authorizations for use of military force (AUMFs) for the Iraq and Gulf wars, from 2002 and 1991, respectively. The bill advanced in a 68-27 procedural vote, surpassing the 60 votes needed to proceed. A final vote could happen as soon as next week “to coincide with the 20th anniversary of the Iraq war. The bill was co-sponsored by Sens. Todd Young (R-Ind.) and Tim Kaine (D-Va.). Young said the repeal would “arrest the trend of giving away our war powers to an unchecked executive” (The Hill). 

Heading into 2024, former President Trump and his allies believe they have found a weak spot on which to attack Florida Gov. Ron DeSantis (R): opportunism. Trump has hit the Florida governor, who is widely expected to run for president, on his past stances on Ukraine, Social Security and ethanol. DeSantis has become more isolationist on Ukraine than he was when Russia annexed Crimea during the Obama presidency, and while in Congress, he voted for a nonbinding measure that would have raised the retirement age to 70. 

As The Hill’s Niall Stanage writes in The Memo, the question remains whether these attacks will undercut DeSantis’s image as a fiercely conservative figure, or whether GOP primary voters will be willing to overlook past inconsistencies so long as the Florida governor is now aligned with their views. 

The Hill: DeSantis says he prevented “Faucian dystopia” with Florida’s handling of the COVID-19 pandemic.

Decision Watch Calendar (🌸 spring officially begins on Monday):  Former New Jersey Gov. Chris Christie (R) says he will decide if he’ll be a 2024 presidential candidate in 45 to 60 days (The Washington Examiner).  DeSantis has said he’ll decide at some point after the Florida legislative session adjourns on May 5 (The Hill). New Hampshire Gov. Chris Sununu (R) has said he’ll decide whether to run, as he predicts other potential candidates will, “by this summer” (PBS). Former Vice President Mike Pence said last month that he would decide “by the spring” (NBC News). “I’m confident that we’ll have better choices than my old running mate come 2024,” he added. Sen. Tim Scott (R-S.C.) has no firm timeline for a potential campaign announcement while he’s on a “listening tour” of the country into the spring (The Hill).

In Oklahoma, the Catholic Archdiocese of Oklahoma City has created a schism in the charter school movement with its application for the nation’s first openly religious charter school. The Hill’s Lexi Lonas reports that activists and policy experts supportive of charter schools, in general, are divided over the virtual religious charter application currently under consideration by the Oklahoma charter school board, with a meeting on the subject set for Tuesday. Charter school advocates have struggled for years to convince skeptics that the privately run, publicly paid-for institutions are equivalent to government-run schools. 

“We don’t think that you can have a religious charter school in place because charter schools are public schools and public schools cannot teach religion,” Nina Rees, president of the National Alliance of Public Charter Schools, told The Hill this week. “So right now, as public schools, this is not a door that can be opened.”

IN FOCUS/SHARP TAKES

➤ INTERNATIONAL 

French President Emmanuel Macron, who has long sought to raise his country’s retirement age from 62 to 64 despite intense public opposition and recent strikes, raised the pension age on Thursday with an executive decision that did not go to a parliamentary vote. Macron triggered Article 49.3 of the French Constitution, which grants the government executive privilege to push through controversial pension reforms without a parliamentary vote. However, the move gives the opposition the right to immediately call a confidence vote and risks further inflaming the protest movement after months of demonstrations across the country, where the issue is seen as especially controversial (France 24).

“This reform has all the ingredients to boost votes for parties on the radical right,” Bruno Palier, a political scientist at French university Sciences-Po, told Reuters.

CNN: Protests erupt as French government forces through higher retirement age.

Chinese President Xi Jinping will travel to Russia next week to hold talks with President Vladimir Putin, the two countries said on Friday, as Beijing touts a plan to end the Ukraine war that has received a lukewarm welcome on both sides. Xi’s Monday to Wednesday trip comes after China in February published a 12-point plan for “a political resolution of the Ukraine crisis” (Reuters).

Breaking with other NATO members, Polish President Andrzej Duda on Thursday announced his country will transfer four of its MiG-29 fighter jets to Ukraine in the coming days and plans to send others as well. This makes Poland the first country to offer jets to Kyiv, to help further prevent Russia from securing air superiority over Ukraine. National Security Council spokesperson John Kirby said Poland’s decision did not change the Biden administration’s position on supplying Ukraine with aircraft (Axios and The New York Times).

“It doesn’t change our calculus with regard to the F-16,” Kirby told reporters Thursday. “It’s not on the table right now.”

Secretary of State Antony Blinken, meanwhile alluded to the heavy costs of U.S. fighter jets speaking to reporters on a visit to Niger (Al Jazeera).

“I think it’s a mistake to get focused on any particular weapons system at any given time,” Blinken. “Individual partner countries will, again, make their own decisions about what they can provide, when they can provide it, and how they provide it.”

▪ The Hill: What to know about the United Nations report outlining Russian war crimes.

▪ The New York Times: Ukraine burns through ammunition in Bakhmut, risking future fights.

▪ CNN: Chinese-made drone, retrofitted and weaponized, downed in eastern Ukraine.

Japan and South Korea on Thursday took cautious steps to repair their years-long rocky relationship when the leaders of the two countries met in Tokyo for their first summit in 12 years. Japanese Prime Minister Fumio Kishida welcomed South Korean President Yoon Suk Yeol at the prime minister’s official residence, kicking off a trip aimed at demonstrating that the countries want to work more closely together and with the U.S. to counter the looming geopolitical, economic and military threats posed by China and North Korea. Still, questions remain about whether the countries can move past thorny issues stemming from Japanese colonial rule of the Korean Peninsula in the 20th century (The Washington Post).

“It was a big step toward normalizing Japan-Korea relations,” Kishida said after the meeting, adding that he wanted to open a “new chapter.”

▪ South China Morning Post: How better South Korea-Japan ties could weaken a China-centric supply chain.

▪ Nikkei Asia: Japan lifts chipmaking export controls on South Korea.

▪ CBS News: North Korea launches intercontinental ballistic missile ahead of South Korea-Japan summit. 

▪ Deutsche Welle: German chancellor visits Japan to ramp up security ties.

OPINION

■ Social Security needs fixing. Fortunately, it doesn’t have to be painful, by The Washington Post editorial board. https://wapo.st/3Fxf8j7 

■ Fifty years after the Endangered Species Act, our fight against extinctions is only beginning, by Robin Ganzert and Jon Paul Rodríguez, opinion contributors, The Hill. https://bit.ly/3TmpxDS

WHERE AND WHEN

📲 Ask The Hill: Share a news query tied to an expert journalist’s insights: The Hill launched something new and (we hope) engaging via text with Editor-in-Chief Bob Cusack. Learn more and sign up HERE.

The House will convene at 11 a.m. for a pro forma session.

The Senate meets at 8:45 a.m. for a pro forma session.

The president will receive the President’s Daily Brief at 9 a.m. Biden will welcome Leo Varadkar, Taoiseach of Ireland, to the White House at 10:30 a.m. for a bilateral meeting. Biden will head to the Capitol for the Friends of Ireland Caucus St. Patrick’s Day luncheon at noon. The president will host Varadkar for a White House reception at 5 p.m. Biden will depart the White House for Delaware at 7:35 p.m.

Vice President Harris at 8:30 a.m. will host Taoiseach Varadkar for breakfast at the Naval Observatory along with second gentleman Doug Emhoff and visiting guest and Varadkar’s partner, Matthew Barrett. Harris and Emhoff will attend the 5 p.m. shamrock presentation and reception in honor of Varadkar in the East Room. 

The secretary of State concludes travel to Niger and returns to Washington.

Health and Human Services Secretary Xavier Becerra will travel to Chicago to tour Tablets Pharmacy at 9:30 a.m. local time to speak about administration efforts to lower prescription drug prices, including insulin. He’ll be accompanied by Rep. Jonathan Jackson (D-Ill.) and local leaders. Becerra and Jackson at 11 a.m. will visit Kennedy-King College to participate in a roundtable discussion about mental health and the national crisis of substance abuse.  

Economic indicator: The University of Michigan will report at 10 a.m. on U.S. consumer sentiment, drawing on preliminary data for March.

ELSEWHERE

➤ HEALTH & PANDEMIC 

Pregnancy deaths surged to the highest rate in nearly 60 years, new data shows, exacerbating a years-long trend that has made the U.S. the most high-risk place among wealthy countries to give birth. The National Center for Health Statistics said Thursday that the number of people who died during pregnancy or shortly after rose 40 percent to 1,205 in 2021. The increase pushed the maternal mortality rate to 33 deaths per 100,000 live births, the highest since 1965. The racial disparities in the data are stark; the maternal mortality rate among Black women rose to 2.6 times the rate among white women in 2021. 

A separate report by the Government Accountability Office has cited COVID-19 as a contributing factor in at least 400 maternal deaths in 2021, accounting for much of the increase (The Wall Street Journal and The New York Times). Officials say the 2022 maternal death rate — there were 733 maternal deaths, according to preliminary data, though the final number is likely to be higher — is on track to get close to pre-pandemic levels. But those numbers aren’t great: The rate before COVID-19 was the highest it had been in decades (CBS News). 

“From the worst to the near worst? I wouldn’t exactly call that an accomplishment,” Omari Maynard, whose partner died after childbirth in 2019, told CBS News.

▪ CNN: The maternal death rate rose sharply in 2021, and experts worry the problem is getting worse.

▪ The Hill: Coverage gains for Black and Hispanic people during pandemic could be lost with end of public health emergency.

▪ The Atlantic: The rogue theory that gravity causes irritable bowel syndrome. 

▪ CNN: Just 39 minutes of lost sleep could impact your child’s health, study shows.

👉 A third insulin drug company, French drugmaker Sanofi, on Thursday said it will cap the out-of-pocket cost of its popular insulin drug called Lantus at $35 per month for people with private insurance. The change will take effect Jan. 1, 2024. Sanofi follows in the price-cutting footsteps of Eli Lilly and Novo Nordisk. The three companies make up about 90 percent of the insulin market in the United States (NBC News).

The Atlantic: This week, an international team of virologists, genomicists and evolutionary biologists may have found crucial data from genetic samples, which appear to link the COVID-19 pandemic’s origin to raccoon dogs that were illegally sold at the Huanan Seafood Wholesale Market in Wuhan, China.

The World Health Organization on Thursday released its 28-day COVID-19 update through March 12, finding nearly 4.1 million new cases of COVID-19 globally (a decrease of 40 percent since Feb. 13) and 28,000 reported deaths from the virus in the same period, a drop of 57 percent compared with the previous 28 days. In total since the outset of the pandemic through March 12, more than 6.8 million people around the world who contracted COVID-19 died as a result, according to WHO.

Information about the availability of COVID-19 vaccine and booster shots can be found at Vaccines.gov. 

Current U.S. COVID-19 deaths are 1,706 for the most recent week, according to the Centers for Disease Control and Prevention. (Data is reported on Fridays.)

THE CLOSER

And finally … 👏🍀👏 Applause, applause for this week’s Morning Report Quiz winners! Happy St. Patrick’s Day, which we’re celebrating with a puzzle. 

Here’s who aced some Irish-themed trivia: Catherine Hicks, Luther Berg, Tim Bazanec, Richard Fanning, William D. Moore, Bill Grieshober, Jaina Mehta, Randall S. Patrick, Pam Manges, Mary Anne McEnery, Paul Harris, Richard E. Baznik, Ki Harvey, Patrick Kavanagh, Terry Pflaumer, Robert Bradley and Steve James. 

They knew that during Biden’s upcoming visit to Northern Ireland, he will mark the anniversary of the April 10, 1998, signing of the Good Friday Agreement.

Delia Barry, an 83-year-old Irish widow, is a social media celebrity after she created 1920s-style hand-knit sweaters used to costume stars in this year’s Oscar-nominated film “The Banshees of Inisherin.” 

The New York Times on Wednesday published an Irish-themed recipe for colcannon, or mashed potatoes with kale or cabbage, a dish that likely started its historic life as cál ceannann in Gaelic.

St. Patrick’s Day blarney begins with St. Patrick, a priest who was not an officially canonized saint. He never rid Ireland of snakes (or pagans) and started life as Maewyn Succat. Thus, the answer we were looking for was “all of the above.” Senate votes to advance bill to repeal Iraq war authorizations Republicans aim to boost oil, gas in energy package

Stay Engaged

We want to hear from you! Email: Alexis Simendinger and Kristina Karisch. Follow us on Twitter (@asimendinger and @kristinakarisch) and suggest this newsletter to friends!

Continue Reading

Sports

Grading coaching hires: Kiffin to LSU, Sumrall to Florida and more

Published

on

By

Grading coaching hires: Kiffin to LSU, Sumrall to Florida and more

The wildest college football coaching cycle — perhaps ever — has reached the hiring phase.

Schools around the Power 4 that fired their coaches in the first two months of the season — or, in Stanford’s case, way back in late March — are targeting candidates and finalizing deals. Interestingly enough, one of the first major coaches to lose his job, Penn State’s James Franklin, was the first noninterim coach to be hired, as he is headed to Virginia Tech.

New hires always come with hope and optimism, grand proclamations and the chance to get programs on the right track. But not all hiring processes are the same. The financial component with jobs is essential — what schools are willing to spend not just on their head coach, but the assistants and support staff and, perhaps most important, the team roster.

We will be reviewing all of the major coaching hires in the 2025-26 cycle, evaluating how each coach fits in the job, their major challenges and what it will take to be successful. We will also assign an initial letter grade for each hire.

Jump to: LSU | Ole Miss | Florida | Arkansas | Auburn
Stanford | Oklahoma State | Virginia Tech

LSU hires Ole Miss’ Lane Kiffin

Why is this a good fit?

LSU got the coach it wanted ahead of other suitors, further confirming that its coaching job, despite the drama and dysfunction, remains one of the best in college football. Kiffin left a great situation at the height of his powers because he knows that LSU can consistently compete for national titles in ways that other programs simply cannot. In Kiffin, LSU gains a coach accustomed to the bright lights and the big stadiums, who can attract and develop talent and potentially restore the program to national powerhouse status. LSU can offer the big stage Kiffin lacked at Ole Miss, and wanted again.

Kiffin hasn’t worked at LSU but knows the SEC well after stops at Ole Miss, Alabama and Tennessee. Like Kiffin did at Ole Miss, he should put together an excellent staff that can scour Louisiana, Texas and the surrounding areas for top talent. He certainly will try to bring some of Ole Miss’ top players with him. Kiffin brings the offensive chops that LSU lacked at the end of Kelly’s tenure. He’s one of the nation’s best at identifying and developing quarterbacks, and the emergence of running back Kewan Lacy and others underscores that the Kiffin plan works on offense. — Adam Rittenberg

Biggest challenges Kiffin will face

LSU has a reputation as a place where it is possible to win championships, and that expectation will be placed on Kiffin immediately – especially with the money he is being paid. The Tigers pride themselves on this fact as Nick Saban, Les Miles, then Ed Orgeron all won national titles. Brian Kelly was an awkward fit from the start and never truly got the vibe down on the Bayou. Kiffin has his own unique way of running a program, but he has to find a way to work with all the different “cooks in the kitchen” so to speak. The entire state is heavily invested in LSU football, and though Kiffin has an extremely high profile, he is moving to an even bigger spotlight in Baton Rouge — the only Power 4 school in the state. Kiffin must embrace that, and everything that comes with it. As coveted as he was in this cycle, Kiffin has never won a conference title and finding a way to get over the hump at a school like LSU has to happen. This will be his best shot to get it done, and the clock will start ticking as soon as his first press conference ends. — Andrea Adelson

Grade: A-

The fixation around Kiffin the past few weeks would normally be attached to a multi-time national championship winner, or at least a coach who has won a Power 4 conference title. Kiffin did tremendous work at Ole Miss but still needs to show he can win the biggest games consistently. LSU is a national championship-or-bust type of program, and Kiffin will be judged at the very highest level, which he craves. He brings the right ingredients to get it done in Baton Rouge, especially his work with quarterbacks. — Rittenberg


Ole Miss makes DC Pete Golding new head coach

Why is this a good fit?

Under normal circumstances, Ole Miss could run a complete coaching search, thoroughly assess candidates currently in head-coaching roles, and others who might help build on the historic success under Lane Kiffin. But these are the strangest of times in Oxford, as Kiffin exits for LSU, a College Football Playoff first-round game looms for the Rebels, and emotions are running extremely high. Kiffin certainly will try to poach the roster for top pieces, and Ole Miss must do what it can to protect as many players as possible. Golding was the lead recruiter for many of them. He’s well-liked by players and won’t need to familiarize himself with Oxford, the administration and how Ole Miss is set up to compete.

Golding, 41, might not have been on the wish list for other SEC jobs just yet, but Ole Miss found itself in a unique situation. He’s a Louisiana native who has spent his entire career in the region, first at his alma mater Delta State and other smaller programs, and then Southern Miss and UTSA before getting his big break with Nick Saban at Alabama in 2018. Golding spent five seasons as a coordinator under Saban, and helped the Crimson Tide to a national title in 2022, before joining Kiffin at Ole Miss. He gives Ole Miss a chance not only for success in this year’s CFP, but can minimize disruptions during a very bumpy coaching transition.

What will be Golding’s biggest challenge?

Golding should be able to handle the next few weeks, but his true readiness for the enormity of the job is unclear. Again, he didn’t emerge as a candidate for the other SEC openings in this cycle, which suggests some external concern about his ability to handle such a role. Any first-time coaching job brings its challenges and even though Golding knows Ole Miss, he hasn’t been the face of the program. He’s also replacing a coach who put together the team’s most successful run since John Vaught in the late 1950s and early 1960s.

Although Golding has shown his talents in recruiting and with schematics, how will he handle the media? How does he do in front of donors and other key stakeholders with the university? Perhaps he just needed the chance, which he now has, but assistant coaches that are shielded from the media often take some time to get fully comfortable.

Grade: B

Coaching hires can’t be evaluated in a vacuum, and Golding’s ultimate success or failure at Ole Miss will be judged by what he accomplishes beyond the 2025 season. But what happens in Ole Miss’ first CFP appearance, after losing Kiffin to a rival SEC school, absolutely does matter, too, and Golding gives Ole Miss a chance to prolong a really special season. There’s little doubt he will continue to compile strong rosters. He will need a strong supporting staff, especially a talented offensive coordinator hire, to ultimately sustain and even elevate the program. The key question here is whether other SEC programs missed out on a great candidate in Golding, or will Ole Miss suffer for making an in-the-moment decision that could backfire long-term? — Rittenberg


Why is this a good fit?

Florida fans: Sumrall isn’t Billy Napier. Yes, he’s another promising Group of 5 coach from a program in Louisiana, just as Napier was when he came to Gainesville. But Sumrall is a different personality who comes from the opposite side of the ball and has more ties to the SEC, where he both played (Kentucky) and coached (Ole Miss, Kentucky). He’s more comfortable than Napier was in being the face of a major program and will delegate to his coordinators while compiling a strong staff. Although Auburn seemed like a more natural spot for Sumrall because of his connections to the state, Florida gives him an even bigger platform at the lone SEC program in one of the nation’s top talent-producing states.

The other thing Sumrall brings is wins. He won Sun Belt titles in both of his seasons at Troy and went to the American Conference title game in his first year at Tulane. Sumrall has succeeded in different ways and with different types of quarterbacks. He hasn’t won in the Power 4 or at a program like Florida, which is an understandable concern. But Sumrall is ready for the opportunity and should be able to foster the consistency Florida has lacked for far too long. Florida didn’t have a talent problem under Napier, and Sumrall should continue to excel in personnel while translating it better on the field. — Rittenberg

Biggest challenges Sumrall will face

Where do we start? First and foremost, Sumrall has to find a way to win over a fan base that thought it had a shot at landing Lane Kiffin. Whether that was a reality or not, Gators fans had their hopes up that Kiffin would choose them. With that, Sumrall has to convince fans he is not another version of Napier. Once Sumrall has done that, he has to find a way to win at what has proved to be one of the hardest jobs to crack in the SEC. Florida has not won an SEC title since 2008, and while there remains a belief it is one of the best jobs in the country, Florida goes through coaches at a fairly frequent clip. If past is precedent, Sumrall will be given a year or two to find success before the fan base starts to turn on him; four years max to compete for a championship. Expectations are sky high, and Sumrall will be given no leeway to learn on the job. — Adelson

Grade: B+

Sumrall has the ingredients to become the next great SEC coach. He’s an excellent communicator who connects with a range of people and should get Florida fans excited about the future, even if they might be skeptical at first because of his background. Florida isn’t where I initially saw him ending up in a wild coaching cycle, but if the school gives him some time, he should stabilize and elevate the Gators’ on-field performance and start getting more out of very talented rosters there. — Rittenberg


Why is this a good fit?

Silverfield has quietly become a really successful coach in the region, and certainly seems ready for a Power 4 opportunity like Arkansas. Although he hasn’t generated as much buzz as Tulane’s Jon Sumrall and other American Conference coaches, he has beaten many of them in head-to-head matchups and boasts a 29-9 record since the start of the 2023 season, including an AP Top 25 finish last fall. Silverfield led Memphis to a win against Arkansas earlier this season and has beaten four consecutive Power 4 opponents, including West Virginia and Iowa State in bowl games the past two seasons.

He has led Memphis since late 2019 but been at the program since 2016, so he understands the recruiting landscape and where Arkansas must look for players. Arkansas’ location can be a challenge for acquiring talent, but Silverfield shouldn’t be intimidated by it. He also brings a strong background on offense to Fayetteville and should compile a staff that has similar knowledge to the area and possibly the SEC.

What are the biggest challenges for Silverfield?

The SEC is only getting tougher with the additions of Texas and Oklahoma, the emergence of Texas A&M, Ole Miss and Vanderbilt, and the pressure on a traditional heavyweight like Florida to start making the CFP. Where does Arkansas really fit in the SEC pecking order? Silverfield likely will have to do more with less initially and win games against programs that have been on steadier footing. His real challenge will be trying to energize and unite the financial hubs around the Arkansas program, which give the program a chance to accelerate but haven’t always been harnessed.

Athletic director Hunter Yurachek was blunt earlier this year about the increased resources needed to better compete in the SEC. Arkansas seemingly could access those individuals and corporations with the right coach and vision. That’s where Silverfield comes in, as Arkansas can use those relationships to overcome some of its baked-in obstacles. Silverfield will need a strong introductory period, as Arkansas fans might not know him that well and need to embrace his personality and leadership style. The first offseason will be critical to make sure the program doesn’t fall further behind.

Grade: B

Silverfield’s consistency and success tended to go under the radar at a program like Memphis, where people have grown accustomed to really strong seasons. But his steady leadership style, shown in 2023, 2024 and most of this year, should help an Arkansas program that needs clear direction. He hasn’t coached in the SEC, and there could be a learning curve, but he shouldn’t be surprised walking in the door at Arkansas after spending so much time with Memphis. — Rittenberg


Why is this a good fit?

Every SEC school asks its head coaches to be engaged in recruiting, and Auburn is no exception. Although Auburn never got the results it wanted with Hugh Freeze, the school’s approach toward NIL and acquiring talent — a major draw when it tried to lure Lane Kiffin from Ole Miss — showed up on the roster. Golesh is the type of head coach who could harness Auburn’s established personnel apparatus and really maximize things going forward. He’s about as hands-on in the recruiting space as head coaches get. When Golesh was offensive coordinator at Tennessee, I remember sitting in his office and seeing him monitor all the recruiting transactions from social media on a giant screen. Golesh will get after it to upgrade Auburn’s roster and use all the resources available to him. He won’t be intimidated by the SEC recruiting scene and has ties to multiple states, including Florida and Ohio.

Golesh also brings an offensive background that should energize Auburn fans, especially after how poorly things went on that side of the ball under Freeze. He spent time with Matt Campbell early in his career, and then with Josh Heuepel at both UCF and Tennessee. South Florida ranks in the top five nationally in both scoring and total offense this season, and its defense shined in wins against Boise State and Florida.

What will be Golesh’s biggest challenge?

The challenge at Auburn is almost always the same. Can the head coach truly capitalize on the best parts of the place — an advantageous recruiting location, strong financial resources and a large and extremely devoted fan base — while navigating the big donors and other significant forces that have clashed too often over time and ultimately held back the program’s progress? Golesh is a strong communicator and brings a good mix of experience to the Plains, most notably his two seasons as an SEC coordinator at Tennessee.

He hasn’t been an SEC head coach, though, and he will need to show he won’t be pushed around or swayed by the forces that have doomed Auburn in the past. Golesh’s staff hires at Auburn will be especially important on defense, as South Florida made strides on that side this season but also struggled in key losses to Memphis and Navy. The other element worth watching is how Golesh balances the personnel element, undoubtedly his passion, with some of the other key responsibilities that come with managing an exciting but complicated program like Auburn.

Grade: B+

Despite no Power 4 head-coaching experience, Golesh checks a lot of boxes with his background, having worked in the Big Ten, Big 12 and SEC, and in the Midwest, South and Southeast. His time at Tennessee should really help him at a program like Auburn, which has a chance to move up in the SEC pecking order but will need a smart, aggressive approach. Golesh’s record of 23-15 doesn’t really jump off the page, and he hasn’t been part of a conference championship just yet. But his assertive vision as a recruiter gives Auburn a chance to quickly improve its roster and win more in an increasingly difficult SEC. — Rittenberg


Why is this a good fit?

Pritchard understands Stanford — its advantages, limitations and possibilities — better than most. He played quarterback for the Cardinal from 2006 to 2009, ahead of Andrew Luck’s run, and then spent the first 13 years of his coaching career with his alma mater, until joining the Washington Commanders‘ staff in 2023. He won’t be blindsided by what he’s walking into at Stanford. He also has a very close relationship with Luck, who is truly directing the program. There will be no feeling-out period between head coach and general manager.

Pritchard, 38, was part of Stanford’s seismic shift under Jim Harbaugh, quarterbacking the team to a signature win against USC in 2007. He then witnessed Stanford’s rise to a consistent contender and, more importantly, saw how things went downhill so quickly after COVID and in the portal/NIL era. His ability to learn from those difficult times and ensure Stanford avoids them will be important. But again, he’s not doing this alone, as he comes in immediately aligned with Luck. — Rittenberg

What will be Pritchard’s biggest challenge?

Generating momentum. Few people share as close an association with some of the biggest moments in Stanford history as Pritchard, but during those heights, the Cardinal never truly resonated broadly within a competitive San Francisco Bay Area sports market. With the collapse of the Pac-12 and six losing seasons in the past seven years, Stanford football has essentially become irrelevant locally. Building a program under those circumstances is difficult.

The academic side of things will always be a draw and should, in theory, help the program limit excessive outgoing transfers, but there also needs to be a robust NIL program. At Stanford that doesn’t have to be a problem. The university’s alumni base is notably wealthy, but it also has not proved to be a group eager to part with large sums of money to help field a better football team. That’s perhaps more of an issue that Luck will be responsible for dealing with, but it is very much part of the hand Pritchard has been dealt.

Beyond the structural challenges, this is just a team that needs a talent upgrade. They don’t have the players right now to compete at a high level. — Kyle Bonagura

Grade: C+

Luck didn’t make the most imaginative hire here. He went with a close friend who needs no introduction to Stanford and the vision for success there. But Pritchard hasn’t been a head coach before and wasn’t mentioned as being on the radar for many other college or NFL jobs. Stanford is really betting on potential here. He only really knows Stanford, which might work out in this case, but he also must learn from what happened toward the end of David Shaw’s tenure and chart out a new path. — Rittenberg


Why is this a good fit?

Oklahoma State needed a coach who knew the Big 12 and the region, and someone who could bring a clear vision, especially on offense. Quarterback play was central to Oklahoma State’s identity under Mike Gundy, and Morris has become one of the best talent identifiers in recent years. Oklahoma State needs to accelerate its recruiting, but likely won’t have the first choice for players, and Morris has repeatedly shown the ability to find and develop under-the-radar players. Ideally, he can bring quarterback Drew Mestemaker and others to Stillwater, and perhaps more importantly, make Oklahoma State an attractive destination for top offensive performers again.

Morris played and coached in the Big 12 at Texas Tech and spent time at Houston early in his career, so he won’t be unfamiliar with the key characteristics of a program like Oklahoma State. He’s not a Gundy disciple, but he can respect what Gundy did to elevate the program, while implementing his own vision, which worked both at Incarnate Word and at North Texas. — Rittenberg

What will be Morris’ biggest challenge?

The answer here is twofold: 1) Morris must live up to the unprecedented levels of consistent success his predecessor brought Oklahoma State; 2) Morris will also have to figure out exactly how to take the Cowboys’ football program to the future.

On the first point, whomever Oklahoma State chose to hire this cycle was going to be replacing a coach who won more — and more consistently — than any other figure in program history. Before 2023, the Cowboys made 18 consecutive bowl appearances under Gundy, winning eight or more games in 13 of those seasons. Past leading Oklahoma State to the very top of the sport and turning the program into a national brand, Gundy’s greatest achievement was transforming a school that had registered back-to-back 10-win seasons only once before he took over in 2005 into a perennial winner. Morris, who made two playoff appearances at Incarnate Word and has North Texas contending for the American this fall, has a history of producing quick turnarounds. Getting Oklahoma State upright — which will likely require a massive roster and staff overhaul — should be his first objective. From there, Morris will be judged on the expectations set by Gundy before him.

How does Morris take Oklahoma State into the future? Gundy’s initial, outspoken reluctance, then too-little, too-late embrace of college football’s NIL/transfer portal era hurt the Cowboys on the field and laid the groundwork for his unceremonious departure earlier this fall. Oklahoma State has fallen behind in terms of roster budgeting compared to its Big 12 counterparts, and industry sources suggested that the Cowboys’ ability to present improved resources would be a key piece of the hiring process. Morris has built a career on making more out of less, and that will serve him well in Stillwater. He has also proven capable of navigating the transfer portal and the current complexities of the sport. With help from Oklahoma State (and its boosters), Morris must take steps to modernize the program. If he can, a Big 12 conference landscape that remains wide open outside of Texas Tech could once again be Oklahoma State’s for the taking. — Eli Lederman

Grade: A-

Morris is only 40 (cue the Gundy memes), hasn’t been a Power 4 head coach, and before this season had only middling results with North Texas. His quarterback track record is his superpower, though, and Oklahoma State needs a renaissance at the position after things fell off too sharply. Morris can recruit Texas and build up the roster. Time will tell if he has the expertise to win one-score games in a league where programs are extremely similar. — Rittenberg


play

0:32

Paul Finebaum: Is Virginia Tech an upgrade for James Franklin?

Paul Finebaum weighs in on James Franklin reportedly being hired as Virginia Tech’s next coach.

Why is this a good fit?

When Franklin was fired and almost immediately announced his intentions to coach in 2026, Virginia Tech emerged as a natural landing spot for the 53-year-old. He has spent most of his career near the mid-Atlantic region, twice serving as a Maryland assistant, leading programs in Vanderbilt and Penn State and even working within the state at James Madison in 1997.

He understands the key recruiting areas extremely well. Franklin ultimately was fired for not winning the biggest games at Penn State, but he still won a lot of them (104) and understands how to build a consistently successful program. Virginia Tech ultimately had to do more of the selling here and convince a veteran coach that it was financially serious enough to contend in the ACC. Franklin isn’t shy about asking for what he needs, and he wouldn’t take the job if he didn’t feel that Virginia Tech’s investments are sufficient to compete for ACC championships. — Rittenberg

What will be Franklin’s biggest challenge?

This hire would not have happened without the financial investment Virginia Tech is about to make in football. The Hokies have languished behind their ACC counterparts in nearly every area — from staffing to salaries to NIL — and some of that has to do with an outdated way of thinking. The one through line has been the thought that the Hokies could win the way Frank Beamer won. That is a big reason why they hired Brent Pry, who served as Franklin’s defensive coordinator, as head coach in November 2021. That clearly did not work, as Pry never won more than seven games in a season. Virginia Tech pledged to add $229 million to its overall athletics budget over the next four years — a huge concession that the old model no longer works in this new era of college football.

But Franklin has to get the entire athletic department to believe the old Beamer days truly are over and things must be done his way. That is challenge No. 1. The second challenge is to restore Virginia Tech’s prowess in recruiting its home state. Franklin had success taking players out of Virginia Tech’s backyard and turning them into stars at Penn State. Will he be able to do the same now at Virginia Tech, which has lost an enormous amount of ground to powers outside the state? The high school players being recruited now were toddlers the last time Virginia Tech was a nationally respected program playing in BCS games. They don’t remember the Hokies being elite. Convincing players to stay in state will be a challenge, but one that Franklin can achieve given his track record. — Adelson

Grade: A

Virginia Tech’s two post-Frank Beamer hires were a coach who had not led a Power 4 program (Justin Fuente) and a first-time head coach (Brent Pry). In Franklin, Virginia Tech gets a proven winner from the Big Ten and SEC, who knows the region extremely well and will be extremely motivated to compete for league titles and CFP appearances.

Franklin’s big-stage shortcomings are a concern but perhaps not as much for a program like Virginia Tech, which is seeking to become a consistent conference title contender again. — Rittenberg

Continue Reading

Sports

Kiffin takes LSU job, won’t finish year with Rebels

Published

on

By

Kiffin takes LSU job, won't finish year with Rebels

LSU‘s courtship of Lane Kiffin has come to an end, as he’s leaving the school to take the job in Baton Rouge and will not coach Ole Miss in the College Football Playoff.

He announced both things Sunday afternoon, the culmination of a weeks-long saga that hung over the sport, prompted viscous debate and puts Kiffin in the unprecedented position of a head coach leaving his team and not coaching them in the College Football Playoff.

“After a lot of prayer and time spent with family, I made the difficult decision to accept the head coaching position at LSU,” Kiffin said in a statement Sunday.

His deal with LSU is for seven years and is worth approximately $12 million annually, with the potential for bonuses, a source told ESPN’s Pete Thamel. That would make him one of the highest-paid coaches in the sport.

Kiffin, 50, and the Rebels just wrapped up an 11-1 regular season with a 38-19 win over rival Mississippi State, all but assuring them a berth in the 12-team College Football Playoff.

After saying he would decide Saturday whether he’ll coach at Ole Miss or LSU in 2026, Kiffin met with Rebels athletics director Keith Carter and chancellor Glenn Boyce for a couple of hours at the chancellor’s home in Oxford.

He also sought the advice of former Alabama coach Nick Saban and Las Vegas Raiders coach Pete Carroll, his former boss at USC, over the past few weeks.

Kiffin expressed his appreciation for his time at Ole Miss in a statement released on social media. He also took issue with Ole Miss athletic director Keith Carter, who Kiffin said “denied” his request to coach in the College Football Playoff.

“I was hoping to complete a historic six season run with this year’s team by leading Ole Miss through the playoffs, capitalizing on the team’s incredible success and their commitment to finish strong, and investing everything into a playoff run with guardrails in place to protect the program in any areas of concern,” Kiffin said in his statement.

“My request to do so was denied by Keith Carter despite the team also asking him to allow me to keep coaching them so they could better maintain their high level of performance. Unfortunately, that means Friday’s Egg Bowl was my last game coaching the Rebels.”

Ole Miss responded quickly, as sources told ESPN that they’d promoted defensive coordinator Pete Golding to the school’s full-time coach soon after Kiffin left the football building for LSU.

Kiffin’s decision was supposed to come Saturday, and there was a delay in part because the result of the Iron Bowl late Saturday impacted whether or not Ole Miss would have played this week. He met with Rebels athletics director Keith Carter and chancellor Glenn Boyce for a couple of hours at the chancellor’s home in Oxford on Saturday.

Kiffin also met with some players in the football building on Sunday, and he pointed out in his statement that the players wanted him to coach in the CFP.

Part of the drama unfolding Saturday revolved around Ole Miss staff members and who would end up going with Kiffin. The Rebels’ brass wanted to protect their staff to keep things as normal as possible for the postseason. Kiffin would obviously take some of his staff with him, and the timing of those departures came into focus as discussions went on during the day.

Ole Miss officials are being aggressive with staff salaries, as there’s a high focus on retention, sources told ESPN.

On the offensive side for Ole Miss, quarterback coach Joe Judge, a longtime NFL coordinator and head coach, has agreed to stay on staff, sources told ESPN. Judge’s role hasn’t been formalized yet, but Ole Miss officials and Golding made clear early on he was a priority staff member to stay in Oxford. He coached Trinidad Chambliss and Jaxson Dart while in Oxford.

The naming of Golding as the head coach will lead to continuity at Ole Miss in 2026 and beyond, especially on the defensive side of the ball.

A former Ole Miss player himself, Golding is in his third season on the Rebels’ staff after serving five years as a top defensive assistant at Alabama under Saban.

Kiffin’s decision included an only-in-the-SEC drama that ensnared three prominent schools, as Florida had expressed interest in Kiffin earlier in their search. When that wasn’t reciprocated, they hired Tulane coach Jon Sumrall.

Kiffin has guided the Rebels to a 55-19 record in his six seasons — only Alabama (67-12) and Georgia (71-8) have more wins in the SEC since the start of the 2020 season. The Rebels have the eighth-most wins among power-conference teams during that stretch.

LSU has a championship brand in multiple sports; state-of-the-art facilities; a rabid, regional fan following; and a legendary, historic home football venue in Tiger Stadium (nicknamed Death Valley), which towers over the banks of the Mississippi River and holds 102,000 spectators — 38,000 more than Vaught-Hemingway Stadium.

The lone football coach of LSU’s past four who did not win a national championship was Kelly. He was fired in late October during his fourth season — a seismic development that also led then-athletic director Scott Woodward to resign under pressure from Louisiana Gov. Jeff Landry.

The Associated Press contributed to this report.

Continue Reading

Sports

Gators hire Sumrall as HC, to add Caldwell as GM

Published

on

By

Gators hire Sumrall as HC, to add Caldwell as GM

Stressing the need for a “dynamic” offense amid championship expectations, the Florida Gators hired Tulane‘s Jon Sumrall as their new football coach on Sunday. Sources also told ESPN’s Jeff Darlington that the program is finalizing a deal with Eagles executive and former Jaguars general manager Dave Caldwell to serve as the university’s GM of football operations.

Sumrall, 43, received a six-year deal for an average of nearly $7.5 million per year, with significant incentives tied to the College Football Playoff, sources told ESPN’s Pete Thamel.

He is 42-11 in four seasons as a head coach — two in the Sun Belt at Troy and two in the American at Tulane. He has reached the conference title game in all four seasons.

“The University of Florida is one of the premier programs in college football, and it’s an incredible honor to serve as the head football coach,” Sumrall said in a statement. “I believe in building a team rooted in toughness, accountability and a relentless competitive spirit. Florida has everything necessary to compete at the highest level — the resources, the support, the tradition and the passion of Gator Nation.”

Stricklin said in the statement that Sumrall “fully understands” the championship expectations at Florida, including the need for a “dynamic” offense.

“One of my first priorities,” Sumrall said, “will be to assemble an incredible staff, including an offensive coordinator who understands that, at Florida, having an explosive offense isn’t optional — it’s mandatory!”

The Green Wave are 10-2 and have clinched a spot in the American Conference championship game against North Texas. Sumrall will remain with the Green Wave for next week’s title game and through the College Football Playoff, if Tulane gets a berth.

“Not many coaches win big at two different non-power programs, and even fewer do it as quickly as Jon has done it,” Stricklin said in the statement. “He joins rare company — coaches like Urban Meyer, Brian Kelly and Willie Fritz — who’ve delivered immediate success at multiple stops. Jon’s track record of rapid turnarounds speaks directly to his leadership and the culture he establishes.”

Sumrall brings extensive experience in the SEC, as he played and was a graduate assistant at Kentucky and coached inside linebackers at Kentucky and linebackers at Ole Miss.

He will succeed Billy Napier, who was fired Oct. 19 and replaced by interim coach Billy Gonzales. The Gators finished with a 4-8 record this season after beating rival Florida State on Saturday.

“Jon Sumrall is a proven winner and an exceptional leader who has built successful programs at every stop,” Stricklin said. “He brings tremendous energy, strong recruiting relationships across our footprint, and a philosophy rooted in toughness, discipline and player development. He will cultivate a daily culture of competitiveness, accountability and winning that drives success on the field and throughout our program.”

The Green Wave rank 39th in the country in total offense and 64th in total defense this season. Sumrall is expected to hire outside coordinators to help him rebuild in Gainesville.

He also received significant interest from Auburn, who hired USF’s Alex Golesh on Sunday. Florida turned its attention away from Ole Miss coach Lane Kiffin last week after getting the sense through irregular communication that he is interested in other options, sources told ESPN.

Caldwell, meanwhile, helped build the Jaguars’ 2017 AFC championship roster and has spent the past five seasons shaping the Eagles, who won a Super Bowl last season and reached another two years earlier.

The Gators believe Caldwell’s understanding of cap management and new-aged scouting will translate well to the new college landscape.

Caldwell currently works with Eagles general manager Howie Roseman, a Gators alum.

Continue Reading

Trending