The bill amends section 4771.12 and enacts new sections 3376.14 and 4771.021 of the Revised Code to establish limitations on contracts involving intercollegiate athletes. Specifically, it 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 to participate in intercollegiate athletics or require the athlete to provide compensation or rights for use after their eligibility ends. Any contract that violates these provisions will be deemed void.

Additionally, the bill introduces restrictions on athlete agents, preventing them from entering into contracts that remain effective after the athlete's eligibility has expired. It also prohibits fee agreements that require athletes to provide compensation or rights associated with their name, image, or likeness after they are no longer eligible. The bill repeals the existing section 4771.12, which outlines the responsibilities and limitations of athlete agents, and incorporates new provisions to ensure compliance with the updated regulations.

Statutes affected:
As Introduced: 4771.12
As Reported By House Committee: 4771.12
As Passed By House: 4771.12