The bill amends the existing law regarding compensation for college athletes in Michigan by adding a new section, Sec. 6a. This section prohibits student athletes from entering into contracts that provide compensation for the use of their name, image, or likeness if the contracts extend beyond their eligibility to participate in intercollegiate athletics. Additionally, it restricts athlete agents from entering into contracts that remain effective after the athlete's eligibility ends and prohibits any agreements that require the athlete to provide compensation or rights beyond their eligibility. Furthermore, any litigation or dispute resolution related to these contracts must occur within Michigan and be governed by state laws.

The bill also defines key terms such as "athlete agent," "compensation," "intercollegiate athletics," "name, image, and likeness," and "student athlete." It establishes that contracts violating these provisions are void and mandates that parties involved in contracts for student athletes ensure compliance with the new regulations. This legislative change aims to protect student athletes from potentially exploitative agreements and ensure that their rights are upheld during and after their collegiate athletic careers.

Statutes affected:
Senate Introduced Bill: 390.1731, 390.1741