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TCU pulls away from Arizona 49-28 with relentless offenseFiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Foley is here to help you through all aspects of rethinking your long-term business strategies, investments, partnerships, and technology. Contact the authors, your Foley relationship partner, or our Automotive Team to discuss and learn more. Key Developments Foley & Lardner announced the 2024 installment of its Auto Trends series—A Year in Review: Updates, Trends and the Road Ahead . This series delves deep into the transformative forces shaping the automotive world by providing weekly insights and analysis tailored to help business leaders navigate a shifting market landscape. The first two articles in the series address the regulatory themes and outlook for the National Highway Traffic Safety Administration , and potential scenarios for a realignment of the EV and EV infrastructure market . manufacturing under President-elect Donald Trump’s administration in the Pitchbook article, “ Manufacturers prep for a new tariff regime .” President-elect Donald Trump in a November 25 social media post stated he would impose additional 10% tariffs on goods from China , and 25% tariffs on all products from Mexico and Canada for the nations’ alleged facilitation of illegal immigration and fentanyl abuse in the U.S. In response, officials from Canada and Mexico indicated retaliatory tariffs would be pursued. [ News coverage of this development is rapidly evolving .] The cost of tariffs on imported vehicles or components would eventually be passed along to consumers in the form of higher vehicle prices , according to commentary from S&P Global Mobility. The New York Times reported the effects of U.S. tariffs on Mexico’s auto industry “would be profound , affecting the price in the United States of popular models like Ford Maverick pickups, Chevrolet Equinox sport-utility vehicles and several variations of Ram trucks.” A number of provincial leaders in Canada recently called for a bilateral trade agreement between the U.S. and Canada that would exclude Mexico. In response, Prime Minister Justin Trudeau indicated that including Mexico in the U.S.-Mexico-Canada trade agreement is his “first choice,” but he is “leaving all doors open.” Political leaders in the U.S. and Canada have expressed concerns over the potential for Chinese goods to avoid tariffs by entering the North American market through Mexico , a claim Mexican President Claudia Sheinbaum has disputed , as well as the possibility that Chinese companies such as BYD could soon establish manufacturing operations in Mexico. As part of a goal to dismantle Biden administration policies that have been described as equivalent to an “EV mandate,” the incoming Trump administration signaled an intent to weaken the National Highway Traffic Safety Administration’s Corporate Average Fuel Economy (CAFE) standards and the Environmental Protection Agency’s tailpipe emissions requirements . The first Trump administration overturned similar Obama-era vehicle fuel economy and emissions regulations. The Alliance for Automotive Innovation urged President-elect Donald Trump to maintain the $7,500 consumer tax credit for qualifying EV purchases , and to establish policies to accelerate the deployment of autonomous vehicles . The industry association also suggested revisions to vehicle emissions and fuel-economy regulations , as well as the need to rethink a requirement to equip nearly all new light vehicles with advanced automatic emergency braking systems by 2029. Wood Mackenzie analysis indicates a potential revision or repeal of federal EV subsidies , as well as fuel economy and vehicle emissions rules ,could lower projected U.S. EV sales by nine percentage points to 23% of new light vehicles by 2030 . The analysis also predicts hybrid vehicles could achieve a U.S. market share of 18% by 2030 . Consultancy AlixPartners predicted that up to $129 billion of EV investments in North America through 2027 are “at risk” due to anticipated Trump administration policiesthat are expected to be unfavorable to EVs , as well as the expectation automakers will delay or cancel BEV models and further reduce electrification expenditures. Members of President-elect Donald Trump’s transition team indicated that establishing a federal framework for autonomous vehicles could be among the Transportation Department’s top priorities, according to unnamed sources in Bloomberg . Foley & Lardner provided highlights from the MEMA Original Equipment Suppliers Annual Conference held on November 12 and 13 in Novi, Michigan. During the conference, at least one automotive analyst remarked on the risk of excessive inventory levels and underutilized manufacturing capacity. OEMs/Suppliers Automotive News summarized remarks by Ford and GM regarding the automakers’ scenario planning ahead of the incoming Trump administration . Stellantis is exploring potential revisions to its manufacturing and sourcing strategies in the event Trump administration policies affect supply chains, and the automaker indicated it could revisit a plan to expand production and sourcing from lower-cost countries if new tariffs are imposed. GM will lay off approximately 1,000 workers worldwide , and a significant portion of the reductions will affect employees at the Global Technical Center in Warren, Michigan. This follows layoffs of over 1,000 software and services employees in August 2024 . A report in The Detroit News estimates Stellantis has laid off over 3,750 hourly workers in the U.S. in recent months. Ford will eliminate 4,000 employees in Europe, equivalent to 14% of the region’s workforce, by the end of 2027 because of economic challenges, increased competition and weaker-than-anticipated EV sales. The majority of the reductions will occur in Germany . Volkswagen’s union workersin Germany could begin mass walkouts in December if an agreement is not reached during negotiations over the automaker’s planned cost reductions. VW’s labor costs in Germany are reported to be higher than competitors that include BMW and Mercedes. Ford will reallocate 400 hourly workers following reduced Bronco production at the Michigan Assembly Plant in Wayne, MI. Electric Vehicles and Low EmissionS Technology During a panel at the MEMA Original Equipment Suppliers Annual Conference , purchasing executives at three major automakers assured suppliers of transparency for evolving product plans and EV programs. Volkswagen increased its potential investment in Rivian by $800 million to $5.8 billion, as part of a joint venture to advance both in-vehicle software capabilities and EV development . VW previously invested $1 billion in the EV maker as part of a collaboration announced earlier this year. S&P Global Market Intelligence estimates global private equity and venture capital deal value in EVs and EV components reached $3.32 billion in the first three quarters of 2024, compared to $4.03 billion raised by non-EV companies in the same period. Global private equity deal value in EV charging infrastructure from January through October 18, 2024, reached $1.04 billion, according to data from S&P Global Market Intelligence. This compares to a deal value of $1.11 billion in full-year 2023. Swedish battery maker Northvolt AB filed for Chapter 11 bankruptcy protection in the U.S. Separately, Northvolt recently sold certain production assets to Lyten , a California-based lithium-sulfur battery maker. Rivian received approval for a conditional loan of up to $6.6 billion from the Department of Energy to expand EV production. Separately, LG Energy Solution was awarded a five-year battery supply agreement for Rivian’s R2 crossover model. Ford will no longer participate in a joint venture manufacturing plant in Quebec that will produce battery materials for EVs. Construction on the cathode active materials plant is already underway and it is expected to continue, according to a report in La Presse . Workers at the Ford – SK On battery joint venture plant in Kentucky signed union authorization cards to begin a campaign to join the UAW. Stellantis delayed the launch of the 2025 Ram 1500 REV electric pickup truck and its range-extended version to the first half of 2025 from the end of this year. The automaker is also working toward two additional EV launches, the Dodge Charger Daytona muscle car and the Jeep Wagoneer S SUV . EVgo hopes to close a U.S. Energy Department $ 1.05 billion conditional loan guarantee for up to 7,500 fast-charging stalls ahead of the incoming Trump administration. Chinese EV makers delivered 9.75 million EVs to mainland buyers in the first ten months of 2024, reflecting an increase of 34% compared to the same period last year. BYD could surpass Ford in worldwide annual shipments this year, and the milestone would establish the Chinese EV maker as a top 10 global automaker measured by unit volumes. California Governor Gavin Newsom plans to offer EV rebates to consumers in the state if the federal tax credit of up to $7,500 for qualifying EV purchases is eliminated. Stellantis plans to add a hybrid model to the Jeep lineup sometime next year, according to an announcement at the Los Angeles Auto Show . Kia intends to produce the 2025 EV6 compact electric crossover at its plant in Georgia , and the vehicle will begin sales in the first half of next year. Hyundai’s 2026 Ioniq 9 electric SUV will have three-row seating and an estimated 300 miles of range. Hyundai and Kia will recall over 200,000 EVs in North America over a defect that may cause the loss of drive power. Automated, Autonomous or Connected Vehicles Technologies GM autonomous driving unit Cruise agreed to pay a $500,000 criminal fine to end claims that it made false statements to federal investigators after one of its vehicles struck a pedestrian. This follows a $1.5 million civil penalty for the same incident. Autonomous technology developer May Mobility launched robotaxi operations in Ann Arbor, Michigan, without human backup drivers in the vehicles. The company previously established driverless operations in Sun City, Arizona. Market Trends and Regulatory Recent appointments announced by the incoming Trump administration include: former Wisconsin Rep. Sean Duffy to serve as the next secretary of the Department of Transportation ; Oregon Rep. Lori Chavez-DeRemer , described as a “pro-union Republican,” to lead the Labor Department ; Cantor Fitzgerald CEO Howard Lutnick to head the Commerce Department and have “additional direct responsibility” for the U.S. Trade Representative’s office; and Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy to lead a new Department of Government Efficiency tasked to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies.” The National Highway Traffic Safety Administration fined Ford $165 million over claims the automaker delayed the recall of more than 600,000 vehicles with defective rearview cameras. This represents the second largest civil penalty in the agency’s history. Less than a week later, NHTSA opened separate investigations into 457,000 Ford Bronco Sport SUVs over the potential for vehicles to lose power, and roughly 113,000 Ford Expeditions due to the possibility of faulty seat belts. New passenger car registrations in Europe reached 8.9 million units for the first ten months of 2024, reflecting growth of less than 1% when compared to the same period in 2023. In the past decade, venture capitalists have invested approximately $120 billion globally into shared mobility service businesses such as ride-hailing and station-based bike systems. The Federal Communications Commission announced final rules governing cellular-vehicle-to-everything technology in the 5.9 GHz band. This is expected to promote the use of 30 megahertz of spectrum previously reserved for dedicated short-range radio communications for in-vehicle and roadside C-V2X units. Analysis by Julie Dautermann, Competitive Intelligence Analyst
WASHINGTON - Donald Trump threatened the United States's closest neighbours with big tariffs this week, in a move that has reminded many of the unpredictable tactics the president-elect deployed during his first tenure in the White House. Read this article for free: Already have an account? As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed. Now, more than ever, we need your support. Starting at $14.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website. or call circulation directly at (204) 727-0527. Your pledge helps to ensure we provide the news that matters most to your community! WASHINGTON - Donald Trump threatened the United States's closest neighbours with big tariffs this week, in a move that has reminded many of the unpredictable tactics the president-elect deployed during his first tenure in the White House. Read unlimited articles for free today: Already have an account? WASHINGTON – Donald Trump threatened the United States’s closest neighbours with big tariffs this week, in a move that has reminded many of the unpredictable tactics the president-elect deployed during his first tenure in the White House. Trump said Monday he would use an executive order to impose 25 per cent tariffs on all goods coming from Canada and Mexico until the two countries stop drugs and migrants from illegally crossing the U.S. border. The announcement, made on Truth Social, brought swift responses from officials and industry in both countries who are bracing for chaos during Trump’s second tenure. He has long used the threat of import taxes to pressure other countries to do his bidding, saying this summer that “the most beautiful word in the dictionary is ‘tariff.'” It’s unlikely the move would violate the Canada-U.S.-Mexico Agreement, which was negotiated during the first Trump administration. Laura Dawson, an expert on Canada-U. S. relations and the executive director of the Future Borders Coalition, said the president can impose tariffs under his national security powers. This type of duty has a time limit and can only be made permanent through Congressional approval, but for Trump, national security powers are like a “get out of jail free card,” Dawson said. “This is exactly what happened in the last Trump administration,” Dawson said. “Everyone said, ‘Well, that is ridiculous. Canada is the U.S.’s best security partner. What do you mean our steel and aluminum imports are somehow a source of insecurity?'” But within the global trade system, she said, no country challenges another’s right to define their own national security imperatives. Trump’s first administration demonstrated how vulnerable Canada is to America’s whims when the former president scrapped the North American Free Trade Agreement. The U.S. is Canada’s closest neighbour and largest trading partner. More than 77 per cent of Canadian exports go to the U.S. Negotiation of CUSMA, commonly dubbed “the new NAFTA,” was a key test for Ottawa following Trump’s first victory. The trilateral agreement is up for review in 2026 and experts suspect this week’s tariff announcement is a negotiating tactic. Scott Bessent, Trump’s pick for treasury secretary, said in a recent op-ed that tariffs are “a useful tool for achieving the president’s foreign policy objectives.” “Whether it is getting allies to spend more on their own defence, opening foreign markets to U.S. exports, securing co-operation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role.” During the initial CUSMA negotiations in 2018, Trump floated the idea of a 25 per cent tariff on the Canadian auto sector — something that would have been crippling for the industry on both sides of the border. It was never implemented. At the time, he did use his national security powers to impose a 25 per cent tariff on steel and 10 per cent tariff on aluminum imports, casting fear of an all-out trade war that would threaten the global economy. The day after announcing those levies, Trump posted on social media “trade wars are good, and easy to win.” Former U.S. trade representative Robert Lighthizer recounted in his book that the duties sent an “unmistakable signal that business as usual was over.” “The Trump administration was willing to ruffle diplomatic feathers to advance its trade agenda.” It led to a legendary clash between Prime Minister Justin Trudeau and Trump at the G7 in Quebec. Trudeau said Canada would impose retaliatory measures, saying the argument that tariffs on steel and aluminum were a matter of national security was “kind of insulting.” Trump took to social media, where, in a flurry of posts he called Trudeau “very dishonest and weak.” Canada and other countries brought their own duties against the U.S. in response. They targeted products for political, rather than economic, reasons. Canada hit yogurt with a 10 per cent duty. Most of the product impacted came from one plant in Wisconsin, the home state of then-Republican House Speaker Paul Ryan. The European Union, Mexico and Canada all targeted U.S. whiskey products with tariffs, in a clear signal to then Republican Senate Majority Leader Mitch McConnell and his home state of Kentucky’s bourbon industry. Ultimately, Canada and Mexico were able to negotiate exemptions. Carlo Dade, the director of trade and trade infrastructure at the Canada West Foundation, said Trump is returning to the White House with more experience and a plan. But he suspects Americans will not like the blow to their bank accounts. Trump’s new across-the-board tariff strategy would not only disrupt global supply chains, it would also cause a major shakeup to the American economy. It’s unclear if Trump will go through with them, or for how long, after campaigning on making life more affordable and increasing the energy market. “I think it will be short-term,” Dade said. “The U.S. can only inflict damage on itself for so long.” This report by The Canadian Press was first published Nov. 26, 2024. — With files from The Associated Press Advertisement AdvertisementStock market today: Wall Street rises toward records despite tariff talkHeisman Trophy finalist and two-way Colorado star Travis Hunter was named The Associated Press Big 12 defensive player of the year while also being a first-team selection at wide receiver on Thursday. Buffaloes quarterback Shedeur Sanders is the league's top offensive player. Kenny Dillingham, the 34-year-old in his second season at Arizona State, was the unanimous choice as Big 12 coach of the year after leading his alma mater to a championship and a spot in the 12-team College Football Playoff. The Sun Devils (11-2) went into their league debut as the preseason pick to finish last among the 16 teams. At cornerback, Hunter had 31 tackles, tied for the Big 12 lead with 11 pass breakups and was tied for second with four interceptions. On offense, he leads the Big 12 with 92 receptions and 14 receiving touchdowns, and is second with 1,152 yards receiving. His 21 catches of at least 20 yards are the most nationally. He is also the AP's player of the year. Sanders is the Big 12 passing leader, completing 337 of 454 passes (74.2%) for 3,926 yards and a school-record 35 touchdowns with eight interceptions for the Buffaloes (10-2) Arizona State freshman quarterback Sam Leavitt, who is 11-1 as a starter, is the league’s top newcomer. The Michigan State transfer has 2,663 yards passing with 24 touchdowns and only five picks in 304 attempts. Mullen picked as UNLV coach LAS VEGAS — UNLV is reaching into the Southeastern Conference to keep momentum going for its 24th-ranked football team, hiring former Florida and Mississippi State coach Dan Mullen on Thursday. He will be introduced in a news conference Friday morning. UNLV athletic director Erick Harper, in a news release, called Mullen "an innovator and nationally respected leader.” “The momentum of UNLV football continues to skyrocket with Coach Mullen coming aboard and is even more proof that our university is serious about success," Harper said. "Rebel Nation came alive while watching this program reach new heights the last two seasons and we are excited to keep it moving forward under the leadership of someone the caliber of Dan Mullen.” The 52-year-old Mullen replaces Barry Odom, who left for Purdue on Sunday after going 19-8 and helping the Rebels receive back-to-back bowl invitations for the first time in program history. UNLV will play California in the LA Bowl on Wednesday. Mullen, most recently an ESPN college football analyst, went 103-61 at Florida and Mississippi State. Rich Rodriguez back at West Virginia Rich Rodriguez is returning to West Virginia for a second stint as head coach at his alma mater. Athletic director Wren Baker announced the hiring on Thursday, 17 years after Rodriguez made a hasty exit for what became a disastrous three-year experiment at Michigan. “We are thrilled to welcome Coach Rich Rodriguez and his family back home,” Baker said in a statement. “Coach Rodriguez understands what it takes to win at West Virginia, and I believe he will pour his heart, soul and every ounce of his energy into our program. I am convinced Coach Rodriguez wants what is best for West Virginia, WVU and West Virginia football, and I am excited about the future of our program.” Rodriguez, who is the current coach at Jacksonville State, an architect of the spread offense and a polarizing figure in his home state, replaces Neal Brown, who was fired on Dec. 1 after going 37-35 in six seasons, including 6-6 this year. Arizona WR McMillan declares for draft TUCSON, Ariz. — Arizona star receiver Tetairoa McMillan declared for the NFL draft following three stellar seasons. McMillan announced his decision Thursday on Instagram. “Now, it’s time to take the next step. ... I’m officially declaring for the 2025 NFL Draft,” McMillan posted. “This is only the beginning.” McMillian is Arizona's all-time leader in receiving yards, finishing with 3,423 in three seasons, and is projected to be a first-round NFL draft pick. The NCAA is taking its Football Championship Subdivision title game back to Tennessee. The FCS championship games at the end of the 2025 and 2026 seasons will be played in Nashville on the Vanderbilt campus. This season’s game will be played Jan. 6 at Toyota Stadium in Frisco, Texas, which will host the game for a record 15th season in a row and was set for at least two more. UCLA announced Tino Sunseri’s hiring as offensive coordinator and quarterbacks coach. Sunseri replaces Eric Bieniemy, who was fired on Dec. 5 after fielding one of the nation’s worst offenses this season. Sunseri spent one season as Indiana’s co-offensive coordinator and quarterbacks coach after following Hoosiers coach Curt Cignetti from James Madison.
Slovakian leader meets with President Putin in Moscow