This followed reports on Monday that multiple college programs attempted to entice Simpson with top-dollar offers to transfer and delay his decision to enter the draft.
Simpson, who declared for the NFL draft on Jan. 7, had not entered the transfer portal but did accept an invitation to the Senior Bowl. He posted “Been a great ride” on Instagram on Tuesday with a photo of his Crimson Tide locker.
BamaOnline was first to report the completed paperwork on Tuesday.
Multiple reports on Monday claimed Simpson had a $6.5 million offer on the table from Miami along with $4 million offers from Ole Miss and Tennessee if he would stay in college for the 2026 season. USA Today reported Simpson was offered $4 million by Miami, but “within minutes” the Hurricanes increased the payout.
Miami signed Georgia transfer Carson Beck to lead the Hurricanes in 2025. With an appearance in the national championship game on deck, the Hurricanes don’t have a 2026 starter locked in but they have earned $20 million for their College Football Playoff run.
Beck reportedly made $4 million in NIL and approximately $10 million total — through agreements with brands such as Beats by Dre, Chipotle, Airstar Charter — after leaving Georgia.
A projected 2026 first-round pick, Simpson led the Crimson Tide to the CFP quarterfinals in 2025 in his first season as a starter. The redshirt junior took over after three years in a backup role when Jalen Milroe decided to head for the NFL because it was time to “chase my dreams.”
Field Level Media rates Simpson as a top-three quarterback along with Oregon’s Dante Moore and Indiana’s Fernando Mendoza. All three would likely be in the mix in the top 20 of the 2026 NFL Draft.
If Simpson gets drafted 20th overall, for example, he would be in line for a four-year contract worth $18-21 million fully guaranteed. As the No. 10 pick, Simpson would make a projected $26-29 million guaranteed highlighted by a $16 million signing bonus.
Simpson passed for 3,567 yards, 28 touchdowns and five interceptions in 15 games in 2025. He finished 41st nationally with his 145.2 passer-efficiency rating and did not rank among the top 10 Heisman Trophy vote-getters.
