A week after suffering a last-second loss in the First Four of the NCAA men’s basketball tournament, St. Francis University (Pennsylvania) announced it will be moving its athletic programs to Division III.

The program said that effective this July, the school will move its basketball programs to the Division III level, and will compete in the Presidents' Athletic Conference beginnin

Exactly one week later, the program made the shocking announcement on Tuesday that it is dropping from Division I athletics all the way down to Division III. The primary reason given: The changing college sports landscape that is now being driven by NIL and the transfer portal.