The bill amends the existing law regarding compensation for college athletes in Michigan by adding a new section, Sec. 6a. This section outlines specific restrictions on contracts that provide compensation to student athletes for the use of their name, image, or likeness. Notably, it prohibits contracts that extend beyond the athlete's eligibility to participate in intercollegiate athletics, require compensation or rights beyond that eligibility, or mandate that disputes be resolved in another state. Additionally, athlete agents are restricted from entering into contracts that violate these terms, and any contract that does so will be deemed void.

Furthermore, the bill mandates that any litigation or dispute resolution related to these contracts must occur within Michigan and be governed by state laws. It also includes definitions for key terms such as "athlete agent," "compensation," "intercollegiate athletics," "name, image, and likeness," and "student athlete," clarifying the scope and application of the new regulations. The intent of these provisions is to protect student athletes and ensure that their rights and interests are upheld in contractual agreements related to their personal branding.

Statutes affected:
House Introduced Bill: 390.1731, 390.1741