The bill amends the Student Athlete Name, Image, and Likeness Rights Act to enhance the rights of student athletes regarding the use of their name, image, and likeness for compensation. Key changes include allowing student athletes to earn payments without penalties affecting their eligibility for athletic grants, and enabling postsecondary institutions or authorized third parties to provide professional representation and payment for these rights. The bill also prohibits the use of state funds for such payments and removes the requirement for student athletes to release or license their name, image, or likeness for certain purposes. Additionally, it allows for the revocation of agreements if payments are not permitted, without liability for the institution.

Further modifications include clarifying that student athletes are not considered employees based on their receipt of payments, and ensuring that contracts related to their name, image, or likeness do not extend beyond their eligibility to participate in intercollegiate athletics. The bill also emphasizes the need for student athletes to disclose contracts and allows institutions to impose reasonable 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.

Statutes affected:
Introduced: 70-820.23, 70-820.24, 70-820.25
Committee Substitute: 70-820.23, 70-820.24, 70-820.25
Floor (House): 70-820.23, 70-820.24, 70-820.25
Floor (Senate): 70-820.23, 70-820.24, 70-820.25
Engrossed: 70-820.23, 70-820.24, 70-820.25
Enrolled (final version): 70-820.23, 70-820.24, 70-820.25