More developments in one of the areas I suggested would be accelerated by the pandemic, as the NCAA has outlined their plan for granting athletes NIL rights. These are not the same as the federal and state level rules on the books or making their way through legislative processes. Why now? No surprise, as college sports have been financially brutalized and have come under fire for soldiering on with games despite all of the risks to athletes, coaches, and fans. It’s part of the classic NCAA playbook: claim that something is impossible and would destroy the fabric of the system– nay, American life– wait for the pressure to mount, then relent a bit while still maintaining control.
Great summary from Axios here and some key points to note:
Four ways to earn: Student athletes would be able to conduct private lessons or camps, endorse products, sell autographs and crowdfund for things like charities and family emergencies.
Restrictions: School logos must be absent from any of the above and athletes can’t endorse products that conflict with existing school sponsorships or NCAA legislation (i.e. banned substances, gambling).
Oversight: There will be a third-party platform for disclosure and approval of all NIL activities.