Objective Growing evidence suggests that long-term structural and physiological alterations are present in the brain of previously concussed athletes. In this study, we sought to further explore the long-term consequences of concussions with transcranial magnetic stimulation (TMS) by examining excitability changes both within and between hemispheres. Methods Participants (32 young adults with and without a history of concussions (H x C)) first underwent testing to assess cognitive and motor performance using standardized tests. Then, the following TMS measures were derived bilaterally: (1) resting motor threshold and motor evoked potentials (MEP), (2) afferent-induced modulation, (3) contralateral silent period (cSP) and MEP facilitation, and, (4) ipsilateral silent period (iSP). Results Multivariate analyses of performance data revealed no major group differences. For TMS data, no “hemisphere” effects were detected for all measures. Group differences were detected only for iSP derived measures owing to alterations in the onset latency and duration of transcallosal inhibition in the H x C group. Conclusions While no major asymmetries were found between hemispheres, participants in the H x C group showed evidence of impaired transcallosal inhibition. Significance Results provide one of the first piece of evidence pointing to alterations in transcallosal inhibition as a potential neurophysiological marker of long-term consequences of concussions in sports.