ArmoredUpKnight
Heisman
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Joined: Dec 2009
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I Root For: UCF Knights
Location: Fort Lauderdale, FL
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Five Senators (D) to Reintroduce Sweeping College Athlete Bill of Rights in Congress
https://www.si.com/college/2022/08/03/co...nsfers-nil
Quote:The 2022 version of the bill provides athletes with little-to-no restrictions on NIL deals and allows for group licensing. In the only real limitation for athletes, states and schools can prohibit endorsement contracts with entities from particular industries, such as alcohol and drug companies, as long as the same restriction applies to the school or if the deal violates rules that all students are subject to. Schools are prohibited from arranging NIL deals for athletes, the bill says.
- little-to-no restrictions on NIL deals
Quote:The Bill of Rights encompasses sections about health and safety, scholarships, school accountability and gender equity. It charges the Secretary of Healthy and Human Services to develop health and safety standards. The bill also creates a medical trust fund to cover costs of out-of-pocket medical expenses for athletes to use up to five years after their eligibility expires and requires those schools with a $50 million-or-more budget to finance athlete medical costs and medical insurance for at least four years after graduation.
- Health and Safety standards (not from the NCAA)
- Medical Trust
- Post-Grad Insurance
Quote:According to the bill, athletes can enter a pro draft and return to school if they did not receive compensation and if they notify the athletic director within seven days of being drafted. The bill requires schools to provide athletes with scholarships until they complete their undergraduate studies, something often referred to as a “lifetime scholarship.”
- Can enter the draft and get drafted but then refuse to sign deal and go back to college.
- Lifetime Scholarships to go back to school whenever you want
Quote:Book and Blumenthal’s bill allows athletes the freedom to transfer an unlimited amount of times without sitting a year out, a right the NCAA currently grants to athletes only one time. Athletes would be required to give seven days notice and cannot transfer during the season or 45 days preceding the start of the season.
- Unlimited Transfers
Quote:The bill establishes a nine-member regulatory commission to ensure schools and conferences are following the law. The commission, which must include at least five former athletes, will be charged with enforcement. The bill also requires schools to provide annual public reporting of their total revenues and expenditures, including compensation for athletic department personnel and booster donations as well as reporting on the number of hours athletes commit to athletic activities.
- New regulatory body that is not the NCAA
- 9 people to police over 130 FBS programs
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08-04-2022 07:59 AM |
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