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Time to Ink the Deal: NCAA Student Athletes Officially Allowed to Profit from their Name, Image, and Likeness

Today, July 1, 2021, changes the landscape of NCAA collegiate athletics as we know it. NCAA college athletes are now able to officially profit from their Name, Image, and Likeness (“NIL”). On June 30, 2021, the NCAA governing bodies adopted a uniform interim policy to suspend the current rules prohibiting student-athletes from profiting from their NIL. Starting July 1, 2021, all college athletes will have the opportunity to enter into endorsement deals, make appearances, and be compensated for other business endeavors that they previously were prohibited from profiting from. The NCAA interim policy provides the following:

  • Student-athletes can engage in NIL activities that are consistent with the law of the state where the school is located.
  • Student-athletes who attend a school in a state without an NIL law can engage in NIL activities without violating NCAA rules related to name, image and likeness.
  • Student athletes can use a professional services provider for NIL activities, such as a lawyer or agent, to assist with NIL deals.
  • Student-athletes should report NIL activities consistent with state law or school and conference requirements to their school.

The interim policy will remain in place while the NCAA members work with Congress to adopt uniform federal legislation.

It is important to note that while student athletes can be compensation for NIL activities, that student athletes cannot accept pay-for-play offers or other improper inducements. The current NCAA rules that prohibit pay-for-play remain in effect currently.

Student athletes in the state of Louisiana should pay attention to the details of the Louisiana NIL Bill, Senate Bill 60, which is expected to be signed by the Governor within the next few days. For a summary of Senate Bill 60 see the link below.

Allowing student athletes to profit from their NIL endeavors has been a long-awaited change and is monumental for both student athletes and universities. The attorneys at BSW have been following the development of the NIL legislation and rule changes and are able to assist with any matters relating to NIL.
 

Louisiana Senate Bill 60, Allowing Student Athletes to Profit from their Name, Image, and Likeness Heads to Governor's Desk

Time to Ink the Deal: NCAA Student Athletes Officially Allowed to Profit from their Name, Image, and Likeness

Today, July 1, 2021, changes the landscape of NCAA collegiate athletics as we know it. NCAA college athletes are now able to officially profit from their Name, Image, and Likeness (“NIL”). On June 30, 2021, the NCAA governing bodies adopted a uniform interim policy to suspend the current rules prohibiting student-athletes from profiting from their NIL. Starting July 1, 2021, all college athletes will have the opportunity to enter into endorsement deals, make appearances, and be compensated for other business endeavors that they previously were prohibited from profiting from. The NCAA interim policy provides the following:

  • Student-athletes can engage in NIL activities that are consistent with the law of the state where the school is located.
  • Student-athletes who attend a school in a state without an NIL law can engage in NIL activities without violating NCAA rules related to name, image and likeness.
  • Student athletes can use a professional services provider for NIL activities, such as a lawyer or agent, to assist with NIL deals.
  • Student-athletes should report NIL activities consistent with state law or school and conference requirements to their school.

The interim policy will remain in place while the NCAA members work with Congress to adopt uniform federal legislation.

It is important to note that while student athletes can be compensation for NIL activities, that student athletes cannot accept pay-for-play offers or other improper inducements. The current NCAA rules that prohibit pay-for-play remain in effect currently.

Student athletes in the state of Louisiana should pay attention to the details of the Louisiana NIL Bill, Senate Bill 60, which is expected to be signed by the Governor within the next few days. For a summary of Senate Bill 60 see the link below.

Allowing student athletes to profit from their NIL endeavors has been a long-awaited change and is monumental for both student athletes and universities. The attorneys at BSW have been following the development of the NIL legislation and rule changes and are able to assist with any matters relating to NIL.
 

Louisiana Senate Bill 60, Allowing Student Athletes to Profit from their Name, Image, and Likeness Heads to Governor's Desk

Time to Ink the Deal: NCAA Student Athletes Officially Allowed to Profit from their Name, Image, and Likeness

Today, July 1, 2021, changes the landscape of NCAA collegiate athletics as we know it. NCAA college athletes are now able to officially profit from their Name, Image, and Likeness (“NIL”). On June 30, 2021, the NCAA governing bodies adopted a uniform interim policy to suspend the current rules prohibiting student-athletes from profiting from their NIL. Starting July 1, 2021, all college athletes will have the opportunity to enter into endorsement deals, make appearances, and be compensated for other business endeavors that they previously were prohibited from profiting from. The NCAA interim policy provides the following:

  • Student-athletes can engage in NIL activities that are consistent with the law of the state where the school is located.
  • Student-athletes who attend a school in a state without an NIL law can engage in NIL activities without violating NCAA rules related to name, image and likeness.
  • Student athletes can use a professional services provider for NIL activities, such as a lawyer or agent, to assist with NIL deals.
  • Student-athletes should report NIL activities consistent with state law or school and conference requirements to their school.

The interim policy will remain in place while the NCAA members work with Congress to adopt uniform federal legislation.

It is important to note that while student athletes can be compensation for NIL activities, that student athletes cannot accept pay-for-play offers or other improper inducements. The current NCAA rules that prohibit pay-for-play remain in effect currently.

Student athletes in the state of Louisiana should pay attention to the details of the Louisiana NIL Bill, Senate Bill 60, which is expected to be signed by the Governor within the next few days. For a summary of Senate Bill 60 see the link below.

Allowing student athletes to profit from their NIL endeavors has been a long-awaited change and is monumental for both student athletes and universities. The attorneys at BSW have been following the development of the NIL legislation and rule changes and are able to assist with any matters relating to NIL.
 

Louisiana Senate Bill 60, Allowing Student Athletes to Profit from their Name, Image, and Likeness Heads to Governor's Desk

Time to Ink the Deal: NCAA Student Athletes Officially Allowed to Profit from their Name, Image, and Likeness

Today, July 1, 2021, changes the landscape of NCAA collegiate athletics as we know it. NCAA college athletes are now able to officially profit from their Name, Image, and Likeness (“NIL”). On June 30, 2021, the NCAA governing bodies adopted a uniform interim policy to suspend the current rules prohibiting student-athletes from profiting from their NIL. Starting July 1, 2021, all college athletes will have the opportunity to enter into endorsement deals, make appearances, and be compensated for other business endeavors that they previously were prohibited from profiting from. The NCAA interim policy provides the following:

  • Student-athletes can engage in NIL activities that are consistent with the law of the state where the school is located.
  • Student-athletes who attend a school in a state without an NIL law can engage in NIL activities without violating NCAA rules related to name, image and likeness.
  • Student athletes can use a professional services provider for NIL activities, such as a lawyer or agent, to assist with NIL deals.
  • Student-athletes should report NIL activities consistent with state law or school and conference requirements to their school.

The interim policy will remain in place while the NCAA members work with Congress to adopt uniform federal legislation.

It is important to note that while student athletes can be compensation for NIL activities, that student athletes cannot accept pay-for-play offers or other improper inducements. The current NCAA rules that prohibit pay-for-play remain in effect currently.

Student athletes in the state of Louisiana should pay attention to the details of the Louisiana NIL Bill, Senate Bill 60, which is expected to be signed by the Governor within the next few days. For a summary of Senate Bill 60 see the link below.

Allowing student athletes to profit from their NIL endeavors has been a long-awaited change and is monumental for both student athletes and universities. The attorneys at BSW have been following the development of the NIL legislation and rule changes and are able to assist with any matters relating to NIL.
 

Louisiana Senate Bill 60, Allowing Student Athletes to Profit from their Name, Image, and Likeness Heads to Governor's Desk

Time to Ink the Deal: NCAA Student Athletes Officially Allowed to Profit from their Name, Image, and Likeness

Today, July 1, 2021, changes the landscape of NCAA collegiate athletics as we know it. NCAA college athletes are now able to officially profit from their Name, Image, and Likeness (“NIL”). On June 30, 2021, the NCAA governing bodies adopted a uniform interim policy to suspend the current rules prohibiting student-athletes from profiting from their NIL. Starting July 1, 2021, all college athletes will have the opportunity to enter into endorsement deals, make appearances, and be compensated for other business endeavors that they previously were prohibited from profiting from. The NCAA interim policy provides the following:

  • Student-athletes can engage in NIL activities that are consistent with the law of the state where the school is located.
  • Student-athletes who attend a school in a state without an NIL law can engage in NIL activities without violating NCAA rules related to name, image and likeness.
  • Student athletes can use a professional services provider for NIL activities, such as a lawyer or agent, to assist with NIL deals.
  • Student-athletes should report NIL activities consistent with state law or school and conference requirements to their school.

The interim policy will remain in place while the NCAA members work with Congress to adopt uniform federal legislation.

It is important to note that while student athletes can be compensation for NIL activities, that student athletes cannot accept pay-for-play offers or other improper inducements. The current NCAA rules that prohibit pay-for-play remain in effect currently.

Student athletes in the state of Louisiana should pay attention to the details of the Louisiana NIL Bill, Senate Bill 60, which is expected to be signed by the Governor within the next few days. For a summary of Senate Bill 60 see the link below.

Allowing student athletes to profit from their NIL endeavors has been a long-awaited change and is monumental for both student athletes and universities. The attorneys at BSW have been following the development of the NIL legislation and rule changes and are able to assist with any matters relating to NIL.
 

Louisiana Senate Bill 60, Allowing Student Athletes to Profit from their Name, Image, and Likeness Heads to Governor's Desk

Time to Ink the Deal: NCAA Student Athletes Officially Allowed to Profit from their Name, Image, and Likeness

Today, July 1, 2021, changes the landscape of NCAA collegiate athletics as we know it. NCAA college athletes are now able to officially profit from their Name, Image, and Likeness (“NIL”). On June 30, 2021, the NCAA governing bodies adopted a uniform interim policy to suspend the current rules prohibiting student-athletes from profiting from their NIL. Starting July 1, 2021, all college athletes will have the opportunity to enter into endorsement deals, make appearances, and be compensated for other business endeavors that they previously were prohibited from profiting from. The NCAA interim policy provides the following:

  • Student-athletes can engage in NIL activities that are consistent with the law of the state where the school is located.
  • Student-athletes who attend a school in a state without an NIL law can engage in NIL activities without violating NCAA rules related to name, image and likeness.
  • Student athletes can use a professional services provider for NIL activities, such as a lawyer or agent, to assist with NIL deals.
  • Student-athletes should report NIL activities consistent with state law or school and conference requirements to their school.

The interim policy will remain in place while the NCAA members work with Congress to adopt uniform federal legislation.

It is important to note that while student athletes can be compensation for NIL activities, that student athletes cannot accept pay-for-play offers or other improper inducements. The current NCAA rules that prohibit pay-for-play remain in effect currently.

Student athletes in the state of Louisiana should pay attention to the details of the Louisiana NIL Bill, Senate Bill 60, which is expected to be signed by the Governor within the next few days. For a summary of Senate Bill 60 see the link below.

Allowing student athletes to profit from their NIL endeavors has been a long-awaited change and is monumental for both student athletes and universities. The attorneys at BSW have been following the development of the NIL legislation and rule changes and are able to assist with any matters relating to NIL.
 

Louisiana Senate Bill 60, Allowing Student Athletes to Profit from their Name, Image, and Likeness Heads to Governor's Desk