The NCAA Division I Council approved a proposal that is intended to provide student-athletes with “protections” related to Name, Image, and Likeness activities. This becomes effective on August 1, 2024.
The four elements of this legislation are:
- Voluntary registration for NIL service providers. The goal is to collect and publish information about service providers to help student-athletes make informed decisions about who to work with.
- Disclosure requirements. Within 30 days after signing an NIL agreement, current student-athletes will be required to disclose information to their school related to agreements that exceed $600 in value. Recruits with NIL agreements will be required to disclose such information within 30 days of enrollment.
- Standardized contracts. “The NCAA will work with schools to provide student-athletes … a template contract and recommended contract terms, to ensure student-athletes and their families make informed decisions about NIL agreements.”
- Comprehensive NIL education. The NCAA “…will provide ongoing education and resources to support student-athletes…on policies, rules and best practices pertaining to NIL.”
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