Student Athlete Rights: Earning from NIL and Protection from Deception
This act aims to allow student athletes to profit from their name, image, and likeness (NIL) without losing their eligibility to compete. It establishes rules for endorsement and agency contracts and creates a commission to oversee these matters. Additionally, the act seeks to protect students from unfair practices and ensure transparency in contract agreements.
Key points
Student athletes can enter into endorsement and agency contracts without risking their athletic eligibility.
Colleges cannot prohibit students from profiting from their NIL, but can restrict wearing sponsor logos during competitions.
A commission will be established to advise on NIL rules and dispute resolution.
The Federal Trade Commission will enforce regulations, register athlete agents, and maintain a clearinghouse for endorsement contracts.
Prohibits 'boosters' from offering inducements to student athletes to enroll at specific institutions.
Expired
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