NIL, College Sports Commission and deals
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Deion Sanders slams current NIL deals
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A bill designed to end ambiguity surrounding name, image and likeness (NIL), establish professional guidelines for agents and protect collegiate leagues from antitrust lawsuits received a strong endorsement from a bipartisan group of nine congressional representatives Thursday.
The bipartisan SCORE Act aims to establish a national standard for Name, Image, and Likeness in college sports.
Here’s what it looks like from here: Red Raider athletes will make a reported $55 million in name, image and likeness deals this school year, apparently an NCAA record. And that doesn’t count the $5.1 million Tech just guaranteed a Mansfield Lake Ridge offensive tackle over three years. Once he actually graduates from high school, that is.
Colleges can pay athletes up to $20.5 million for the use of their NIL, but plaintiffs in the settlement are asking questions about the amount.
The College Sports Commission, an organization overlooking the new revenue-sharing system, issued a memo Thursday with further guidance on rules related to third-party name, image and likeness deals.
Big 12 coaches sat in a roundtable setting, nodding in agreement that college athletics' NIL system is not just flawed, it's impossibly screwed up. FOX Sports' RJ Young details their proposed solution.
The bill would federally protect and recognize the ability of student-athletes to profit from their name, image and likeness.
The goal is to prevent schools from utilizing booster-driven entities to funnel payments to recruits and transfers.