The proposed bill amends the Nebraska Student-Athlete Name, Image, or Likeness Rights Act to redefine key terms and enhance protections for student-athletes regarding their ability to earn compensation from their name, image, or likeness. Notable 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 do not extend beyond 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.

Additionally, the bill outlines specific requirements for contracts involving compensation, including the necessity for written agreements detailing payment terms and obligations. It establishes responsibilities for athlete agents, including prohibitions against entering into agreements under certain conditions and the requirement to provide written acknowledgments to student-athletes. The legislation also allows for civil actions against institutions or associations for violations, entitling plaintiffs to damages and legal costs. Overall, the amendments aim 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