Senate Bill No. 120, introduced by Senator Talbot, amends existing law regarding the rights and compensation of intercollegiate athletes at postsecondary education institutions in Louisiana. The bill allows these institutions, along with their officers, directors, employees, or agents, to participate in name, image, and likeness (NIL) endeavors in support of intercollegiate athletes. It also clarifies that contracts for compensation related to an athlete's NIL must comply with current law and not violate any other legal provisions.

Additionally, the bill increases the required annual financial literacy and life skills training for intercollegiate athletes from a minimum of two and one-half hours to three and one-half hours. This change aims to better equip athletes with essential skills for managing their finances and personal development. The bill will take effect upon the governor's signature or after the designated time for gubernatorial action if not signed.

Statutes affected:
SB120 Original: 17:3703(A)(2)