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Syracuse Athletics
Syracuse Men's Basketball Board
House Settlement Approved
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[QUOTE="FloridaCuse, post: 5459147, member: 8912"] Highlights of the Bill from Ross Dellenger's Posts: 1. Codifies the settlement, grants liability protestion, preempts state NIL laws & includes anti-employment clause. It brings regulations to agents & requires that schools provide athlete degree completion, post-grad healthcare, etc. 2. Prohibits athlete compensation over the new revenue sharing cap and requires that all NIL deals hold a "valid business purpose" and align with NIL Go's fair market value compensation range and the College Sports Commission's anti-circumvention rules. 3. Authorizes an association, such as the NCAA or CSC, to require athletes to disclose deals and aggregate & share publicly anonymized data of those deals. 4. Allows the establishment of a 1-time transfer rule & eligibility standards. 5. Places parameters and requirements around agents, most notably limiting agent compensation to 5% of a total athlete deal. [Coaches told Yahoo Sports that agents are often charging 10 to 20%.] 6. Requires schools to provide athletes with certain levels of academic support & out-of-pocket healthcare for ex-athletes within 3 years of leavaing school; and schools are not permitted to cut scholarships for injury or performance. 7. Requires schools to maintain 16 varsity sports teams, the FBS mimimum, as a way to protect Olympic programs. 8. Schools that earn at least $50 million annually in media rights revenue are not permitted to use student fees to support their athletic programs. [SEC and B1G?] 9. Permits schools to restrict athlete NIL deals if the violate the university's code of conduct or conflict with any existing school agreement, such as an athlete striking a deal with Nike while playing for an Adidas school. Ross Dellenger of Yahoo Sports believes this Bill has a chance to quickly move through committee and onto the House floor. Its fate in the Senate is uncertain. [/QUOTE]
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