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What does it stand for6/23/2023 ![]() ![]() New frontier: Athletes across Florida excited for chance to profit off NIL lawįSU quarterback outraged: Florida lawmakers delay student-athletes profiting from name, image The schools themselves can't compensate athletes for their name, image or likeness.Īt one point this year, this law was pushed back to July 1, 2022, but was shifted back to 2021 on April 30. The state's NIL law, which takes effect Thursday, allows intercollegiate athletes to earn compensation for the use of her or his name, image and likeness, and prohibits post-secondary institutions from preventing athletes from earning money or goods. Opinion: After NCAA's NIL ruling, college sports will never be the same and that's a good thing What's Florida's NIL law? It allows schools in those states without laws on the books to have a more even playing field, provided the schools enact a NIL policy.Ī huge day: NCAA adopts temporary policy on name, image and likeness in seismic shift for college sports This move, according to The Athletic, is seen as a stopgap until federal legislation is passed. ![]() According to ESPN, the NCAA's guidelines on this are few: Don't allow boosters to pay athletes and don't let endorsement deals influence recruiting. ![]() If the college athlete doesn't live in a state with a NIL law on the books, the individual school must come up with the policy for athletes to follow. What does the NCAA's NIL ruling mean for athletes?īasically, if a college athlete lives in a state where legislation has been passed, they can profit from their name, image, or likeness according to state law. The NCAA's move is a dramatic one, breaking from decades of not permitting said money-making opportunities. ![]() Up until a few months ago, the term NIL had little meaning to those interested in college sports - unless you were on the soccer team (and then it means "zero", literally).īut now, NIL - which stands for name, image, likeness - is about to change the world of college athletics as we know it.Īs of Thursday, the NCAA's policy changes will allow athletes to better make money from their image or name, just as legislation in several states, including Florida, either will take effect or soon will. ![]()
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