Better late than never.
while the House does not yet have the bill’s text, he is “prepared to offer a synopsis of what the bill will entail.”
That includes:
UPDATE: Leave it to the Federal Govt to F things up and do nothing, which are not mutually exclusive "actions."
UPDATE:
while the House does not yet have the bill’s text, he is “prepared to offer a synopsis of what the bill will entail.”
That includes:
- Safeguards “from retaliation by an institution of higher education for student-athletes who have signed a NIL deal.”
- The creation of a “new regulatory body tasked with establishing and enforcing rules pertaining to collectives, boosters, and student-athlete endorsement contracts. Student-athletes who enter into a contract will be required to report their agreement to this new body and their university within a specified period.” Collectives are booster- and business-driven groups that have formed to pool resources and provide NIL opportunities for athletes at schools since the NCAA has made rule changes substantially enhancing athletes’ ability to make money not only from endorsements, but also from personal appearances, autograph signings and other activities.
- A provision “clarifying that student-athletes are not eligible for employee status.”
- Language “providing liability protection to protect institutions from frivolous litigation.”
NIL bill expected in House would provide legal help sought by NCAA, letter says
A bill that is expected to be drafted in the House would create a "new regulatory body" to enforce rules pertaining to collectives and boosters.
www.usatoday.com
UPDATE: Leave it to the Federal Govt to F things up and do nothing, which are not mutually exclusive "actions."
UPDATE:
Last edited: