HB507: Intercollegiate athletics; student-athletes, compensation and representation for name, image, etc.

Legislative Summary

Intercollegiate athletics; student-athletes; compensation and representation for name, image, or likeness. Establishes several parameters for the compensation and representation of a student-athlete related to the use of such student's name, image, or likeness. The bill prohibits any private institution of higher education, associate-degree-granting public institution of higher education, or baccalaureate public institution of higher education or any agent thereof; athletic association; athletic conference; or other organization with authority over intercollegiate athletics from (i) prohibiting or preventing a student-athlete from earning compensation for the use of his name, image, or likeness, except in certain circumstances enumerated in the bill; (ii) prohibiting or preventing a student-athlete from obtaining professional representation by a licensed athlete agent or legal representation by a licensed attorney in connection with issues related to name, image, or likeness; (iii) declaring a student-athlete ineligible for intercollegiate athletic competition because he earns such compensation or obtains such representation; or (iv) reducing, canceling, revoking, or not renewing an athletic scholarship because a student-athlete earns such compensation or obtains such representation. The bill establishes several other conditions and limitations relating to pre-agreement disclosures, the use of the institution's property, and the effect on employment status in connection with a student-athlete's use of his name, image, or likeness. The bill also amends the definition of "athlete agent" in relevant law to permit such agents to represent a student-athlete in connection with issues related to name, image, or likeness, including negotiating, securing, obtaining, arranging, and managing name, image, or likeness opportunities.