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 affecting their eligibility for athletic grants, and enabling postsecondary institutions or authorized third parties to provide professional representation and payment for student athletes. The bill also prohibits the use of state funds for such payments and removes the requirement for a release or license for the use of a student athlete's name, image, or likeness in certain contexts.

Additionally, the bill clarifies that a postsecondary institution may revoke agreements if a student athlete receives payments not permitted by the Act, without incurring liability. It also establishes that student athletes are not considered employees of the institution based on their receipt of payments for their name, image, or likeness. The amendments aim to provide clearer guidelines for contracts and representation while ensuring that student athletes can engage in commercial activities without jeopardizing their athletic eligibility. An emergency clause is included, allowing the bill 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