The bill amends sections 3376.01 and 4771.12 of the Revised Code and enacts new sections 3376.14 and 4771.021, establishing regulations for contracts involving intercollegiate athletes. Key definitions are introduced, including "personal services," which refers to services performed by a student-athlete that cannot be delegated and are based on their athletic ability or public persona. The bill prohibits contracts that provide compensation for the use of a student-athlete's name, image, or likeness if they extend beyond the athlete's eligibility or require compensation for future earnings after eligibility ends. Additionally, any disputes arising from such contracts must be resolved in Ohio and governed by Ohio law.

Furthermore, the bill outlines restrictions on athlete agents, prohibiting them from entering contracts that remain effective after an athlete's eligibility ends. It also specifies that fee agreements cannot require athletes to provide compensation for future use of their name, image, or likeness. The bill repeals existing sections 3376.01 and 4771.12, ensuring that all contracts and agreements entered into after the bill's effective date comply with these new regulations.

Statutes affected:
As Introduced: 4771.12
As Reported By House Committee: 4771.12
As Passed By House: 4771.12
As Reported By Senate Committee: 3376.01, 4771.12