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 modifications 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 changes include the removal of time limits for disclosing contracts related to name, image, and likeness agreements, and the establishment of guidelines for professional representation agreements. The bill clarifies that student athletes are not considered employees of their institutions based on their receipt of payments for their name, image, or likeness. It also emphasizes that student athletes must not use institutional marks without authorization and that contracts related to their name, image, or likeness cannot extend beyond their eligibility to participate in intercollegiate athletics. The bill declares an emergency, allowing it 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