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NCAA moves toward implementing NIL rules with proposals for agent registry, deal disclosure

INDIANAPOLIS — In a step toward putting rules in place to regulate the way college athletes can be compensated for their fame, the NCAA Division I Council introduced on Tuesday several proposals to bring transparency to the transactions and oversight of those who want to work with students. They include creation of a voluntary registry for NIL service providers, such as agents and financial advisors; requirements for disclosure of NIL deals worth more than $600 by athletes to their schools; development of a standardized NIL contract; and education programs for both high school prospects and college athletes. “Today’s action by the DI Council is a great step toward achieving our shared priority at the NCAA, which is better outcomes for all college athletes who participate in NIL activities,” NCAA President Charlie Baker said in a statement. “As the Association makes these changes to improve the environment for young people with NCAA rules, I look forward to partnering with members of Congress to build on these protections and create greater consistency and opportunities for all college athletes.” Since the NCAA lifted its ban on college athletes earning money for use of their names, images and likenesses in the the summer of 2021, it has been operating without detailed rules regarding NIL.

Associated Press
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