ANN ARBOR, Mich. — The battle to build the best 105 has begun.

Pending approval of the House v. NCAA settlement, college football programs are preparing for a world of revenue sharing and roster limits. That could mean shifting from the old system of 85 scholarship players plus walk-ons to a new era of 105-man rosters.

For Michigan, next season’s 105 will include quarterback Bryce Underwood, the No. 1 prospect in the 2025 recruiting class, and several notable transfers, including running back Justice Haynes from Alabama and quarterback Mikey Keene from Fresno State. Here’s an initial projection of Michigan’s offensive roster now that the winter transfer cycle is complete.

Quarterbacks (5)

The stage is set for what should be one of the most-watched quarterback competitions of the spring.

Underwood has a rare combination of size, arm talent and athleticism that has drawn comparisons to franchise quarterbacks in the NFL. Keene has experience as a starter and familiarity with new offensive coordinator Chip Lindsey, who coached him for a season at UCF. Jadyn Davis, a blue-chip quarterback from the Class of 2024, will be a wild card in the competition while Davis Warren, who led Michigan with 1,199 passing yards, recovers from a knee injury that happened in the ReliaQuest Bowl.

Running backs (6)

Michigan has had a series of talented running back combos in recent years: Blake Corum and Hassan Haskins, Corum and Donovan Edwards and, most recently, Edwards and Kalel Mullings. Haynes and Jordan Marshall are set to be the next iteration.

Signing Haynes, a five-star recruit who averaged 5.9 yards per carry in two seasons at Alabama, was a bold move to fortify a position that, on the surface, wasn’t one of Michigan’s biggest needs. Pairing Haynes with Marshall, a top-100 Class of 2024 recruit who rushed for 100 yards against the Crimson Tide in the ReliaQuest Bowl, shows Michigan is serious about running the football. Benjamin Hall will have a chance to be the short-yardage back, and freshmen Donovan Johnson and Jasper Parker fit the physical mold to run between the tackles.

Tackles (7)

Michigan didn’t land a surefire starter at tackle in the transfer portal, but the Wolverines added a blue-chip freshman in Andrew Babalola and could sign another in five-star prospect Ty Haywood, who is expected to announce a decision this week.

While the future looks bright, experience could be an issue in 2025. Evan Link and Andrew Sprague started at left and right tackle in the ReliaQuest Bowl and could have the inside track in the spring. Blake Frazier is another promising player from the Class of 2024, and Brady Norton brings positional flexibility after transferring from Cal Poly, where he was among the top pass blockers in the FCS as a redshirt freshman.

Interior offensive linemen (9)

Michigan explored a few late options in the portal, including Notre Dame transfers Pat Coogan and Rocco Spindler, who committed to Indiana and Nebraska, respectively. That leaves an opening at left guard alongside Greg Crippen at center and Giovanni El-Hadi at right guard.

Lawrence Hattar, a Division II All-American at Ferris State, should compete for snaps at guard or tackle along with Luke Hamilton and Ben Roebuck, prospects from the Class of 2024 who will have a chance to contribute next season.

Wide receivers (13)

Michigan added help from the portal, but will it be enough? That’s the big question for a unit that was searching for playmakers in 2024.

Donaven McCulley, the main portal addition, caught 48 passes for 644 yards and six touchdowns at Indiana in 2023, and Anthony Simpson had a productive season at UMass in 2023. Otherwise, Michigan will be relying on many of the same players from last season, plus three freshmen in Andrew Marsh, Jacob Washington and Jamar Browder. This should be a fluid depth chart, with players moving up and down and no one’s role set in stone. The Wolverines don’t have any proven stars, but they do have options.

Tight ends (8)

Max Bredeson is back as Michigans’ fullback/H-back/tone-setter, which is good news for the running game. Colston Loveland is gone, which is bad news for the passing game.

Marlin Klein and Hogan Hansen had some nice moments playing behind Loveland in 2024 and should be in line for more targets. We’ll have to see if the injury Brady Prieskorn suffered in warmups before the Ohio State game lingers into the spring. If so, that will be a tough break for one of the most promising players in Michigan’s 2024 recruiting class.