The proposed bill amends the Nebraska Student-Athlete Name, Image, or Likeness Rights Act to enhance the rights of student-athletes in earning compensation from their name, image, or likeness. Key insertions include definitions for "agency agreement," "name, image, or likeness collective," and "third party," which clarify the roles of athlete agents and the entities involved in compensating student-athletes. The bill allows student-athletes to enter into agency agreements and contracts for compensation, while ensuring these agreements are limited to their participation in athletic programs. It also prohibits postsecondary institutions from imposing contracts or regulations that restrict student-athletes from earning compensation or participating in intercollegiate sports, and it prevents institutions from penalizing or retaliating against student-athletes for engaging in authorized activities.

Additionally, the bill outlines the responsibilities of postsecondary institutions regarding contract disclosures and support for student-athletes in navigating compensation opportunities. It mandates that any compensation earned by student-athletes cannot affect their eligibility for athletic grants or scholarships, except for need-based financial aid calculations. The legislation also establishes requirements for written contracts detailing payment terms and obligations, and it sets conditions for athlete agents to operate ethically. Furthermore, it allows for civil actions against institutions or athletic associations for violations, entitling plaintiffs to damages and legal fees. Overall, the bill aims to create a more equitable environment for student-athletes in Nebraska, ensuring they can benefit from their personal brand without undue restrictions.

Statutes affected:
Introduced: 48-3601, 48-3602, 48-3603, 48-3604, 48-3605, 48-3606, 48-3608