The bill amends and reenacts several provisions of Louisiana's Revised Statutes regarding intercollegiate athletes' compensation and rights, specifically focusing on the use of their name, image, and likeness (NIL). Key changes include allowing athletes to earn compensation under specific conditions, such as compliance with athletic governing association rules and obtaining professional representation from registered agents or marketing representatives. Additionally, athletes must disclose contracts valued at $600 or more to their educational institutions, and institutions are required to provide annual financial literacy and life skills training for athletes.

The legislation also introduces protections for postsecondary institutions and their employees from liability related to athletes' ability to earn compensation from NIL agreements, except in cases of gross negligence or intentional misconduct. Furthermore, the bill emphasizes the importance of supporting athletes in their NIL endeavors by providing resources related to financial responsibility and business formation. Overall, the bill aims to enhance the rights and opportunities for intercollegiate athletes while maintaining the integrity of amateur athletics.

Statutes affected:
SB465 Original: 17:3703(A)
SB465 Engrossed: 17:3703(A)
SB465 Reengrossed: 17:3703(A)
SB465 Enrolled: 17:3703(A)
SB465 Act 358: 17:3703(A)