The bill amends and reenacts several provisions of R.S. 17:3703, which governs intercollegiate athletes' compensation and rights in Louisiana. Key changes include allowing athletes to earn compensation for the use of their name, image, or likeness, provided it complies with specific regulations. Institutions are prohibited from providing compensation unless authorized by court order, governing organization bylaws, or settlement agreements. Additionally, the bill introduces the role of marketing representatives to assist athletes and mandates that athletes disclose contracts valued at $600 or more to their institutions.

Furthermore, the bill requires postsecondary institutions to provide annual financial literacy and life skills training for athletes, reducing the training duration from five hours to two and a half hours. It also clarifies that institution employees, including coaches and staff, are not liable for damages related to athletes' ability to earn compensation, except in cases of gross negligence or intentional misconduct. The bill aims to enhance the support and protection of intercollegiate athletes as they navigate opportunities for compensation while maintaining the integrity of college 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)