NIL, College Sports
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Deion Sanders slams current NIL deals
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The attorneys who negotiated a $2.8 billion lawsuit settlement with the NCAA and four power conferences took issue Friday with the way college sports’ new enforcement body plans to vet name, image and likeness payments to athletes from school-affiliated collectives.
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.
Big 12 Media Days opened the door for several coaches in the conference to voice their frustrations with the current state of college football. With players making millions and programs finding loopholes to boost their roster,
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.