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 period 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 restricts athlete agents from entering into contracts that remain effective beyond the athlete's eligibility.

Furthermore, the bill introduces new provisions regarding fee agreements between athlete agents and athletes. It prohibits agents from requiring athletes to provide compensation or rights associated with their name, image, or likeness after their eligibility has expired. The bill also clarifies that agents must obtain written consent from athletes before sharing fees with employees and outlines the conditions under which agents can retain fees if they fail to procure employment for the athlete. The existing section 4771.12 is repealed, and the new language aims to enhance protections for student-athletes in Ohio.

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