Koi Perich, the home state hero, has his name in the college football transfer portal. He reportedly hasn’t decided whether he will transfer or return to the Gophers for his junior season next fall.
If the Esko, Minnesota native didn’t intend to move on, why place his name in the portal window which opened today and runs through January 16? Perich, who was a Sporting News second-team All-American as a freshman safety in 2024, already knows how much money he can earn playing for the Gophers. He’s also familiar with the coaches, teammates, program environment and 2026 expectations.
By declaring the Gophers are still in the picture, Perich does give himself leverage when he and his representatives consider offers from other programs. The posture also takes some public “heat” off him in his home state.
“This is definitely not about the money,” an authoritative sports source told Sports Headliners today about Perich’s motivations.
Make no mistake. The University of Minnesota football program wants to retain Perich. For the coming season the Gophers might be willing to pay him low seven-figures in combined revenue share and Name, Image and Likeness money for his expected final season of college football before he declares for the 2027 NFL Draft.
That’s really stretching the budget because college safeties usually have a compensation ceiling under $1 million (see August 24 Max Olson ESPN.com story on money value per positions in college football). The Gophers, though, could be willing to go higher based on Perich’s resume of being among the more talented and experienced safeties in college football, plus his value as a kick and punt returner, and part-time availability as a receiver and runner on offense.
The Miamis, Ohio States and Oregons have the resources to outbid the Gophers on Perich but his decision whether to move on is probably first about playing for a program that can realistically compete for conference and national championships. The last two seasons the Gophers have produced 8-5 overall and 5-4 conference records.
A talented and motivated Perich wants to win every game. That’s not realistic at Minnesota where last month the team had to go into overtime to defeat non-power four conference New Mexico in the Rate Bowl. In 2025 Minnesota was embarrassed in conference losses to Ohio State and Oregon by a combined score of 84-16.
Perich almost chose Ohio State coming out of high school where he was a four-star recruit and one of the nation’s best safety prospects. A last-minute decision sent him to coach P.J. Fleck’s program which just completed its ninth season under his leadership.
In Columbus the Buckeyes are presumably losing All-American safety Caleb Downs who is eligible for the NFL Draft after playing three seasons for Ohio State. Perich could step in and start, while being surrounded by a much more talented group of teammates.
Oregon star safety Dillon Thieneman is also a junior and eligible for the draft. Downs, Thieneman and Perich are all free safeties.
And at Miami, Perich could join his former Gopher defensive coordinator Cory Hetherman who has the same role for the Hurricanes. Miami and Oregon are still alive in the college football playoffs while Ohio State, the 2025 defending national champions, was eliminated New Year’s Eve in a semi-final loss to the Hurricanes. Those three programs offer the opportunity to play on college football’s biggest stages.
Home state college heart strings and the opportunity to play in front of family don’t figure to keep Perich in a Gopher uniform. Growing up in the small town of Esko outside of Duluth, it was the Vikings who stirred his deep passion, not the Gophers. And with the money Perich can now command in college football, he can afford to pay for his family to see him play anywhere in the country.
When Perich was a freshman, he did a memorable late October interview with Paul Allen on KFAN Radio. He talked about how the Gophers, despite their 5-3 record, were a top 10 caliber team. Call it naïve for him to say what he did, or just a young man talking about aspirations for his team, to this listener his comments were telling about his desires.
Neither the eye test nor the Pro Football Focus analysis verify that Perich was as effective last season as his first. His interception total, for example, was down from five to one, while offenses strategized to avoid his area on the field. PFF graded him 88.9 for his overall performance as a safety in 2024, one of the best numbers in the country for his position. This year his grade was 62.4.
It’s emotionally difficult for Gopher fans to think about the 2026 season without their home state hero. However, even if Perich returned for the coming year, it was definitely going to be his last in college football. From the start it’s believed his plan was to play three years and then move on to the NFL.
There is also solace in knowing the safety position isn’t as important as several others on the team. That list starts with quarterback and includes offensive and defensive linemen. Pushed for an answer, college football authorities would generally prefer a superb cornerback to a gifted safety.
If this is goodbye with Perich, be grateful it’s not redshirt sophomore quarterback Drake Lindsey departing. Or junior running back Darius Taylor who announced today he will return rather than opt for the 2026 NFL Draft.
While in no way diminishing the contribution of Perich, the source referenced above said losing Perich will not be “catastrophic” for the program.