This bill establishes requirements for name, image, or likeness (NIL) agreements for college student athletes and provides a limited antitrust exemption for schools and conferences to pool and sell certain college sports media rights. The requirements address elements of the court-approved agreement to settle In re College Athlete NIL Litigation (i.e., House settlement).
First, the bill statutorily prohibits institutions, conferences, or interstate intercollegiate athletic associations (e.g., the National Collegiate Athletic Association [NCAA]) from restricting student athletes from entering NIL agreements (subject to specified limitations). Students must report to their institution NIL compensation greater than $600.
The bill requires agents to register with a state and caps agent endorsement contract fees at 5%.
The bill also provides student athletes with one transfer without losing athletic eligibility and restricts football personnel from becoming the head football coach at a different institution during the same season.
