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 compensate student-athletes for the use of their 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 associated with their name, image, or likeness 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 includes new provisions regarding fee agreements, ensuring that agents cannot require athletes to provide compensation or rights for future use of their name, image, or likeness as part of their fee agreements. The existing section 4771.12 is repealed, and various subsections are renumbered to accommodate these changes.

Statutes affected:
As Introduced: 4771.12