NIL NETWORK INSIGHT
Recap: SI obtained a copy of the 22-page NCAA Name, Image, and Likeness proposal. The document outlines how athletes can utilize their NIL, what is off-limits, how an athlete can work with agents, and suggestions for reporting their deals. However, it is still unclear if the finalized legislation will come from the NCAA or from Congress.
Observations: A huge question mark is how boosters will be allowed to engage with the athletes. “Provided no improper inducements or extra benefits are provided” is not objective and can be interpreted in many different ways. How to control boosters is a major concern surrounding the new NCAA Name, Image, and Likeness proposal and it appears that the parameters haven’t been defined yet.
Athlete Tips & Takeaways:
- Familiarize yourself with the various ways you may be permitted to monetize your NIL.
- Check-in with your athletic department to see if any services will be provided to support and educate athletes around NIL.
The NCAA is on the cusp of finalizing legislation to allow athletes to be compensated for their name, image and likeness—an expected but historic move.
The governing body of college athletics has presented its latest draft on how to govern athlete compensation to members of the Division I Council, who are expected to approve the proposal at a meeting Wednesday. Formal approval, though, would not come until January. Sports Illustrated obtained a copy of the 22-page document, which details changes to NCAA legislation based on new NIL concepts developed by the NCAA D-I Name, Image and Likeness Legislative Solutions Group.
As expected, the legislation grants athletes the right to use their name, image and likeness (NIL) to: