Student Athlete Rights: Earning from NIL and Protections
This act aims to protect the rights of student athletes, allowing them to profit from their name, image, and likeness (NIL). It introduces transparency and accountability rules for NIL agreements, while prohibiting certain actions by institutions and boosters to ensure fair conditions. Citizens, especially student athletes, will gain greater control over their commercial rights and access to educational resources.
Key points
Student athletes are allowed to market and earn compensation from their name, image, and likeness, and to use certified agents.
Sports institutions cannot restrict students' earning opportunities or revoke scholarships based on NIL activities.
The Federal Trade Commission (FTC) will establish an Office of Sport to oversee the market and handle complaints.
The act limits transfer penalties, allowing students one transfer without losing scholarships or eligibility.
Prohibits offering financial benefits to induce students to enroll in or remain at a particular institution.
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