The bill amends the Student Athlete Name, Image, and Likeness Rights Act to modify the regulations surrounding student athletes' ability to earn compensation for their name, image, or likeness while enrolled in postsecondary institutions. Key changes include prohibiting the use of state funds for such compensation, clarifying that student athletes will not be considered employees based on their receipt of payments for their name, image, or likeness, and removing the requirement for a release or license for the use of these rights in certain contexts. Additionally, the bill allows postsecondary institutions to revoke agreements related to compensation if the terms are not compliant with the act or collegiate athletic association regulations, without incurring liability.

Further amendments include the requirement for written professional representation agreements, the obligation for student athletes to disclose contracts for compensation, and the stipulation that contracts cannot extend beyond the athlete's eligibility to participate in intercollegiate athletics. The bill also emphasizes that student athletes cannot use institutional marks for compensation without authorization and outlines the conditions under which institutions can impose restrictions on name, image, and likeness activities to prevent interference with team operations. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.

Statutes affected:
Introduced: 70-820.23, 70-820.24, 70-820.25