What is the official ID of this bill?
The official print number for this legislation is S 414.
Amateur Athletes Protection and Compensation: New Rights and Rules
This act introduces new rules for compensating amateur intercollegiate athletes for the use of their name, image, and likeness. It provides protections regarding contracts with agents and sponsors, and guarantees medical benefits and scholarships. The goal is to increase transparency and fairness in university sports, giving athletes more control over their commercial rights.
Key points
College athletes can earn money from their name, image, and likeness, but only from independent third parties, not from universities or athletic associations.
Universities and associations cannot penalize athletes for signing with certified agents or entering endorsement deals, unless they violate conduct codes.
Universities must cover medical expenses for sports-related injuries for 2 or 4 years after an athlete's career ends, depending on the university's revenue.
Athletes can transfer to another university once without losing eligibility, under certain conditions.
A new government corporation (AIAC) is established to oversee contracts, certify agents, and resolve disputes, ensuring fair practices for athletes.
Status:
Expired
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