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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
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Sports
How little old Vanderbilt is making noise in the big, bad SEC
Published
1 hour agoon
April 17, 2025By
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Chris LowApr 17, 2025, 07:00 AM ET
Close- College football reporter
- Joined ESPN.com in 2007
- Graduate of the University of Tennessee
NASHVILLE — It’s a memory that flashed through Vanderbilt coach Clark Lea’s mind more than once when the program was in the throes of a 26-game SEC losing streak in 2022, his second season as coach.
The memory presented itself again a year ago as Lea guided Vanderbilt to its first winning season since 2013, its first-ever win over a No. 1 team and a bowl victory over Georgia Tech, all culminating with Lea being named SEC Coach of the Year by his peers.
“I remember watching [assistant coach] Robbie Caldwell and my other coaches line the practice field and mow the grass when I played here,” said Lea, a fullback on head coach Bobby Johnson’s first teams at Vanderbilt from 2002-04. “They did everything.”
Contrast that to the scene last October after the Commodores’ signature win of the season, a 40-35 victory over top-ranked Alabama. Following Vanderbilt’s first win over the Crimson Tide in 40 years, fans ripped down the goalposts, paraded them through Nashville and dumped them into the Cumberland River.
The surreality of it all was matched by the resolve of Lea and his players, and their insistence that, in the words of quarterback Diego Pavia, “the rest of the world might have been shocked, but we weren’t.”
“We’re in a business of messaging, and a lot of what I remember as a player is the disconnect from the university and the athletic department and the team, and especially the lack of resources,” Lea said.
It’s a situation Lea inherited when he returned to his alma mater as coach in December 2020 in the middle of the COVID-19 pandemic, as did his boss, Candice Storey Lee, when she was hired a year earlier as the SEC’s first Black female athletic director.
Together, they’re trying to change the narrative and not operate, as Lee jokes, like the little engine that could.
“It was the idea that we were going to unhook from the past and take steps that build toward the future that we all believe we’re capable of here,” said Lee, who has three degrees from Vanderbilt and was on campus the same time as Lea as a captain on the 2002 women’s basketball team that won the SEC tournament.
“Sometimes perception does not match reality, but the reality is that there was a narrative that Vanderbilt was not going to do the things that were necessary to experience consistent success. So from the very beginning, we had to set out to show that we were serious about wanting to compete and compete at the highest level, and we are still doing that. That process isn’t complete.”
Lea’s breakthrough 2024 season in his fourth year back on West End sent perhaps the clearest signal yet that the process is yielding results — and not just in football.
For the first time, Vanderbilt’s football team, men’s and women’s basketball teams and baseball team have all been nationally ranked during the same academic year.
But no climb has been steeper than the one faced by the football program, which was plummeting toward rock bottom when Lea arrived and only got worse during his second season, when the Commodores’ SEC losing streak reached 26 games. Lea wasn’t around for all those losses, but the walls were nonetheless closing in even when the Commodores salvaged a 5-7 record.
Then came 2023, when Vanderbilt dipped to 2-10 (0-8 in the SEC), and the heat ratcheted up on Lea. The Commodores lost all eight of their SEC games by two touchdowns or more.
“Hey, there were days where I was face down on the floor here, and it’s just, ‘Get yourself up, dust yourself off and trust in your resilience to do the next right thing the right way,'” Lea said. “For me, once I kind of realized that I may get my ass kicked a few times, nothing was going to knock me off from leading this program day in, day out, and making the changes that unlock the potential for success.”
Lea wasn’t the only one catching heat from the fans, media and some boosters. So was his former classmate Lee, who hired him. Making matters worse for Lee was that the men’s basketball team was struggling under Jerry Stackhouse and went 4-14 in SEC play during the 2023-24 season. Lee fired Stackhouse after the season and replaced him with Mark Byington, who took a team picked to finish last in the SEC to the NCAA tournament.
“One of the things that I know from going through knee replacement surgery recently is that healing and building is not a linear process,” Lee said. “Some days, it’s really good, and then something happens and I wake up and my knee is swollen. I don’t really understand what happened, but you still have to push forward and know there is something beautiful on the other side.
“You just wish it was easy, but it’s not.”
VANDERBILT’S CAMPUS, A short walk to the heart of downtown Nashville, one of America’s fastest growing cities, is dotted with signs that read “Dare to Grow.” Construction sites, cranes and hard hats are everywhere. Right outside Lea’s office window in the McGugin Center, the transformation of FirstBank Stadium continues with the South End Zone project, featuring premium seating and other amenities. It’s part of the Vandy United $300 million campaign, announced in 2021, to rebuild the school’s athletics facilities.
“We reached that $300 million goal pretty quickly, and we didn’t stop,” Lee said. “We have aspirations beyond that number, so we’re going to keep dreaming. We’re going to keep raising the money, we’re going to keep investing.”
The reality is that Vanderbilt can’t stop if it’s going to have any chance to compete with the football juggernauts in the SEC, especially in the current NIL world. But Lee is insistent that Vanderbilt is “beautifully positioned to maximize whatever model is in front of us” when the House settlement is approved and revenue sharing is in place. The current proposal allows for athletic departments to directly pay athletes with a pool up to $20.5 million in Year 1.
On the facilities front, even with the long overdue facelift to the stadium, the McGugin Center is noticeably outdated with a weight room, team meeting room and offices that pale in comparison to those at other SEC schools. Lea is hopeful a new football operations building comes sooner rather than later but said he doesn’t need a complex loaded with bells and whistles.
Lea looks at the new Huber Center, Vanderbilt’s four-story, state-of-the-art basketball practice facility, and sees what’s possible.
“It’s less important to me and for this program to have things like DJ booths and whatever else,” Lea said. “But I want people to walk into our building and recognize that football is really important here.
“What we’ve done really well here is that our people are the best, and if we can combine that with competitive spaces that also optimize our efficiency, we’re on our way to being where we need to be.”
Some of the people Lea, 43, is talking about are hires that were made primarily during last offseason, when he overhauled just about everything that touched his program. In the last year-plus, he has brought in veteran football people such as senior offensive adviser Jerry Kill, senior defensive analyst Bob Shoop, offensive coordinator Tim Beck and head strength coach Robert Stiner, among others. Kill and Beck are both former head coaches. Stiner and Lea worked together for three seasons at Notre Dame, and Shoop is a former Broyles Award finalist with more than 35 years of coaching experience. He was defensive coordinator under James Franklin for Vanderbilt teams that won nine games in 2012 and 2013.
Offensive line coach Chris Klenakis, entering his second season at Vanderbilt, has seen 24 of his former linemen reach the NFL over a 30-plus year career. He’s also been an offensive coordinator and worked with Colin Kaepernick at Nevada and Lamar Jackson at Louisville.
Lea hasn’t been hesitant to evolve, either. He took over the duties as defensive playcaller last season after the Commodores finished 129th nationally in scoring defense (36.2 points per game) and 131st in total defense (454.9 yards per game) in 2023. Lea said former NFL safety and assistant coach Steve Gregory, in his second season at Vanderbilt, will call defensive plays in 2025.
“I think it’s the best coaching staff in the country,” Pavia said. “Guys are going to want to come here because they see what these coaches get out of players. They see how they develop you. I know what Coach Kill did for me in bringing me here and what that opened up for me.”
PAVIA, WHO EMERGED as one of the most electric players in the country last season after transferring from New Mexico State, played as big a role as anyone in Vanderbilt’s revival. He was the only quarterback in the SEC to pass for more than 2,200 yards and rush for more than 800, accounting for 28 touchdowns, and inside the locker room, he was the heartbeat of a team that reveled in doing what people said couldn’t be done at “little old Vandy.”
Last year’s 7-6 season easily could have been a nine-win campaign. Four of the Commodores’ six losses were by a touchdown or less, including a 30-27 double overtime defeat at Missouri and a 27-24 home loss to Texas in which the Longhorns had to recover an onside kick to seal the game.
And the best part for the Commodores? They return many of the key players from last season, which saw Vanderbilt reach five wins before the end of October, only to lose three of its last four games in the regular season when Pavia wasn’t completely healthy.
“We had one guy transfer out that played for us last year,” said senior linebacker Langston Patterson, who was Lea’s first verbal commitment and went to high school in Nashville at Christ Christian Academy. “It’s about culture. The reason some of those past Vandy teams didn’t sustain success is because they had some great players, but no culture. We have great players on top of great culture, and that creates a great team. But you still have to go do it. Coach Lea touches on it all the time. We’re as close to 2-10 as we are 10-2. We’ve got to keep pushing forward.
“Really, to us, last year was mediocre. We fell apart the last three games. Everyone else thinks we had a great year, but to us, we could have been so much better.”
Lea’s idea of culture transcends the football field. He said the program has had six straight semesters with a collective 3.0 GPA or better in the classroom.
“That’s not because we’re recruiting valedictorians,” Lea said. “It’s because we’re recruiting guys that care about how they’re developing as people too, and they allow us to put boundaries in place for them to reach their highest level.”
As Vanderbilt tries to build on its momentum from a year ago, one thing is certain. The Commodores won’t sneak up on anybody, not after wins over Alabama and Auburn and narrow misses against LSU, Missouri and Texas.
“Nothing changes with us,” Pavia said. “We came here to win games. Coach Lea said it, that we want to have the best program in the SEC. For a lot of guys on this team, it’s our last chance, sort of our last dance, to really flip this program.”
Vanderbilt’s success a year ago came largely thanks to a ball-control offense, shortening the game, winning the turnover battle, stopping the run (especially on early downs) and playing lights-out on special teams.
Even with the recent upgrade in player personnel, it’s always going to be difficult for Vanderbilt to “out-Alabama” Alabama and “out-Georgia” Georgia in terms of sheer talent and depth.
“I know Coach Lea doesn’t believe that we can be like every other SEC team philosophically and find ways to break through to the top,” said offensive coordinator Beck, who also has been a defensive coordinator and spent the first 32 years of his coaching career at Division II powerhouse Pittsburg State. “You have to be a little bit different, and we were a little bit unique. I’m not one of these young offensive coordinators that’s just trying to score as many points as we can every game.
“You try to find ways to reduce the margins a little bit, so you’ve got to play complementary football. We still want to be fun and exciting, which I feel like we are, but we’re not going to be in a huge hurry. We led the nation in forced turnovers last year, which was huge for us because the matchups that we had player to player are still not there yet. We’ve got to be smart about what we do on both sides of the ball.”
Vanderbilt beat Auburn 17-7 last season despite finishing with just 227 total yards. But the Commodores pinned the Tigers inside their own 5-yard line twice, started two of their drives in Auburn territory, committed just three penalties and didn’t turn the ball over once.
“They manage the game as well as anybody,” Auburn coach Hugh Freeze said. “They’re smart. They play to their strengths, and they don’t give you anything.”
As stunning as Vanderbilt’s win over Alabama was to the college football world, Tide coach Kalen DeBoer wasn’t surprised by what he saw this season from Lea and the way he reinvigorated the program.
“I’ve known Clark going back to when he was at South Dakota State, and it wasn’t like we were close friends or anything, but I followed the success he’s had as a coordinator and knew that he was really good,” said DeBoer, who started his coaching career at Sioux Falls. “I felt like watching the film before our game that you could see the defense and the team philosophy revolving around making the game as short as possible, and he did a good job in the critical moments of making some calls.
“I knew going in that they were a different team than what they had been in the past. There was no doubt, and I think everyone who played them would tell you the same thing.”
Now comes the hard part for Lea and Vanderbilt: Doing it all over again.
The only time in the past 50 years that Vanderbilt has put together back-to-back winning seasons was in 2012 and 2013 under Franklin.
Lea, who grew up in Nashville, knows the doubters persist and that history suggests sustaining football success at Vanderbilt is more fantasy than reality. Down deep, he’s energized by that doubt.
“I think we as a program, me in particular, can’t help but operate with a chip on your shoulder, and you can’t help but bathe in the doubt that surrounds you,” Lea said. “We love that, and we don’t recruit beyond that, meaning I don’t want people here that are entitled. I don’t want people here that don’t see the work that has to be done.”
Pavia’s take is a bit more on the coarse side, in typical Pavia fashion.
“I mean, [Lea] comes from ground zero,” Pavia said. “A lot of people weren’t believing in him, people wanting him fired a year ago, and now all of a sudden, he’s the biggest star in Nashville. I think that still fuels him, that people gave up on him, didn’t believe in him on his journey or believe in us.
“So it’s like, ‘F— you. Watch us do it.'”

Lee Corso will retire from ESPN’s “College GameDay” in August, ending a career with the show that began in 1987.
“My family and I will be forever indebted for the opportunity to be part of ESPN and College GameDay for nearly 40 years,” Corso said in a statement released by ESPN. “I have a treasure of many friends, fond memories and some unusual experiences to take with me into retirement.”
Corso, who turns 90 on Aug. 7, is widely known for his headgear picks and “not so fast, my friend” retort when he disagreed with someone on the panel.
The headgear segment, which started in October 1995 in a game at Ohio State, has seen Corso go 286-144 in his 430 selections. In addition to wearing helmets, mascot heads and other hats, he has dressed up as the Fighting Irish leprechaun from Notre Dame, the Stanford tree and historic figures James Madison and Benjamin Franklin. His affection for the Oregon Duck led to a ride on a motorcycle with the mascot. He once held a live baby alligator in his hands while picking Florida to win and took on pop star Katy Perry in picks from The Grove at the University of Mississippi.
Corso held a No. 2 pencil for most segments; in the offseason, Corso was the director of business development for Dixon Ticonderoga, which makes the famous yellow pencils.
“Lee Corso has developed a special connection to generations of fans through his entertaining style and iconic headgear picks,” ESPN chairman Jimmy Pitaro said. “Lee is one of the most influential and beloved figures in the history of college football and our ESPN team will celebrate his legendary career during his final College GameDay appearance this August.”
Corso’s final broadcast will be Aug. 30, ESPN announced, saying additional programming to celebrate Corso is planned in the days leading up to that weekend.
Corso suffered a stroke in 2009, which left him unable to speak for a time, but he returned to the show later that year. His travel has been limited in recent years, but Corso was at the site of last year’s national title game in Atlanta.
“ESPN has been exceptionally generous to me, especially these past few years,” Corso said. “They accommodated me and supported me, as did my colleagues in the early days of College GameDay. Special thanks to Kirk Herbstreit for his friendship and encouragement. And lest I forget, the fans … truly a blessing to share this with them. ESPN gave me this wonderful opportunity and provided me the support to ensure success. I am genuinely grateful.”
Herbstreit and Corso have been part of the show together since 1996.
“Coach Corso has had an iconic run in broadcasting, and we’re all lucky to have been around to witness it,” Herbstreit said in a statement. “He has taught me so much throughout our time together, and he’s been like a second father to me. It has been my absolute honor to have the best seat in the house to watch Coach put on that mascot head each week.”
“College GameDay” has won nine Emmys during Corso’s tenure with the program. The show is nominated this year for Most Outstanding Studio Show – Weekly.
“Lee is the quintessential entertainer, but he was also a remarkable coach who established lifelong connections with his players,” said Rece Davis, host of “College GameDay” since 2015. “When GameDay went to Indiana last season, the love and emotion that poured out from his players was truly moving. It was also unsurprising. Every week, Lee asks about our families. He asks for specifics. He celebrates success and moments, big and small, with all of us on the set. He’s relentless in his encouragement. That’s what a great coach, and friend, does. Lee has made it his life’s work to bring joy to others on the field and on television. He succeeded.”
“Lee has been an indelible force in the growth of college football’s popularity,” said Chris Fowler, who hosted “GameDay” for 25 years. “He’s a born entertainer and singular television talent. But at his heart he’ll always be a coach, with an abiding love and respect for the game and the people who play it.”
Corso spent 28 years as a college and pro football coach, including 15 years as a collegiate head coach at Louisville, Indiana and Northern Illinois. He played college football at Florida State, where he was known as the “Sunshine Scooter.” He held the school record for career interceptions for two decades after he graduated and also played quarterback for the Seminoles.

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Chris LowApr 16, 2025, 05:37 PM ET
Close- College football reporter
- Joined ESPN.com in 2007
- Graduate of the University of Tennessee
The wait for where former Tennessee quarterback Nico Iamaleava plays next in his college career continued Wednesday as the spring transfer portal opened.
UCLA is among the schools interested in Iamaleava, but not for nearly the money he was asking for from Tennessee, sources told ESPN. One source said UCLA was content to “sit tight” while Iamaleava considered his options.
“We’ll see if it gets worked out. He’s extremely talented with starting experience against elite competition. That’s sort of where we are right now,” the UCLA source told ESPN.
Sources told ESPN that Iamaleava wanted at least $4 million from Tennessee and that what UCLA was prepared to offer him wasn’t remotely close to that figure. Iamaleava was earning $2.4 million at Tennessee under the contract he signed with Spyre Sports Group, the Tennessee-based collective, when he was still in high school. It’s a deal that would have paid him in the $10 million range had he stayed four years at Tennessee.
Tennessee coach Josh Heupel announced Saturday after the Volunteers’ spring game that the program was moving forward without Iamaleava after he missed practice and meetings Friday and didn’t alert anybody on the team or return any calls or text messages afterward.
Heupel thanked Iamaleava and called the situation unfortunate, but added, “There’s no one bigger than the Power T, and that includes me.”
Iamaleava, a rising redshirt sophomore, officially entered the transfer portal Wednesday with a do not contact tag.
Sources told ESPN that Iamaleava’s representatives asked to redo his deal just before the close of the winter portal in December after Tennessee’s playoff loss to Ohio State, but his deal was unchanged and Iamaleava did not enter the winter portal. His father, Nic Iamaleava, also wanted Tennessee to surround his son with better receivers and a more effective offensive line in pass protection.
Before the start of spring practice this year, Iamaleava’s representatives reached out to Oregon to gauge its interest in the quarterback, but the school said it wasn’t interested, sources told ESPN. Oregon then notified Tennessee that Iamaleava was being shopped to the Ducks.
Iamaleava, a five-star prospect from Long Beach, California, was recruited by UCLA out of high school. His younger brother, Madden Iamaleava, committed to UCLA out of high school but changed his commitment at the last minute and signed with Arkansas.
With Iamaleava a possibility at UCLA, sources told ESPN that representatives for the Bruins’ current quarterback, Joey Aguilar, have been covering their bases and making calls to other schools to gauge their interest in Aguilar, who transferred from Appalachian State this offseason and exited spring practice as UCLA’s likely starter.
A Power 4 general manager told ESPN’s Pete Thamel and Max Olson earlier this week that he thought Iamaleava has “zero market,” and added that it would be an “interesting test of how smart and disciplined colleges are in looking at him.”
Iamaleava helped guide Tennessee to the College Football Playoff last season in his first year as a starter. He passed for 2,616 yards, 19 touchdowns and 5 interceptions, but in nine games against SEC opponents and Ohio State in the playoff, he passed for more than 200 yards only twice.
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