Texas Tribune: Abbott signs bill allowing college athletes to profit off their own name and likeness

[TopFrog]

Gov. Greg Abbott signs bill allowing college athletes to profit off their own name and likeness

BY KATE MCGEE

College athletes in Texas will soon be able to receive compensation from outside businesses that want to use their name, image or likeness under a new law Gov. Greg Abbott signed Monday evening.

State Sen. Brandon Creighton, R-Conroe, said he sponsored the bill to keep Texas collegiate athletic programs competitive as other states have passed similar legislation. At least 15 states have passed bills lifting the ban on allowing student athletes to be paid by outside parties since California was the first state to approve the change in 2019.

Read the story at https://www.texastribune.org/2021/06/14/texas-college-athletes-profit-law/

 

[Eight]

Gov. Greg Abbott signs bill allowing college athletes to profit off their own name and likeness

BY KATE MCGEE

College athletes in Texas will soon be able to receive compensation from outside businesses that want to use their name, image or likeness under a new law Gov. Greg Abbott signed Monday evening.

State Sen. Brandon Creighton, R-Conroe, said he sponsored the bill to keep Texas collegiate athletic programs competitive as other states have passed similar legislation. At least 15 states have passed bills lifting the ban on allowing student athletes to be paid by outside parties since California was the first state to approve the change in 2019.

Read the story at https://www.texastribune.org/2021/06/14/texas-college-athletes-profit-law/

this is going to happen one way or the other and if the ncaa has a freaking clue they get out in front before they get run over by the train

 

[flyfishingfrog]

this is going to happen one way or the other and if the ncaa has a freaking clue they get out in front before they get run over by the train

they need to get the bill they asked Congress to pass last week done and through before the end of the month but it won't happen....

It would make it legal for compensation but cap it across the board per player - otherwise for a very select few players this will get out of hand quickly and the rest will end up with nothing but pennies on the dollar.

Can you imagine what Johnny Football could have gotten in NIL if it was unlimited? he got $250k for signing autographs on memorabilia as it was even though it was a violation.

But how much do you think his left tackle got for keeping his head above his shoulders? probably lunch at best....

 

[FinanceFrog]

But how much do you think his left tackle got for keeping his head above his shoulders? probably lunch at best....

but it was a buffet lunch at sizzler.

 

[flyfishingfrog]

but it was a buffet lunch at sizzler.

big spender....

 

[HG73]

This will only benefit a very few players anyway, except at OU where every car dealer in the state will be able to legally pay players.

Each normal team (not Alabama, Clem, OSU etc) will have a couple of players getting money and the rest get nothing.

 

[Pharm Frog]

This will only benefit a very few players anyway, except at OU where every car dealer in the state will be able to legally pay players.

Each normal team (not Alabama, Clem, OSU etc) will have a couple of players getting money and the rest get nothing.

Well that’s not equitable. Need to fix this immediately.

 

[FinanceFrog]

Well that’s not equitable. Need to fix this immediately.

if only there was a system, hear me out on this, that takes a portion from the highly paid players and gives it to the players that don’t earn as much.

 

[JogginFrog]

this is going to happen one way or the other and if the ncaa has a freaking clue they get out in front before they get run over by the train

if only there was a system, hear me out on this, that takes a portion from the highly paid players and gives it to the players that don’t earn as much.

I know Finance is being tongue-in-cheek, but the NCAA missed its chance to be out in front on this years ago. The only defensible "amateur athletics" play was to propose that likeness revenue go into a fund to cover expenses from long-term injuries suffered by athletes in college. Lots of young people risking their health for the financial benefit of colleges and their corporate partners.

But the NCAA wanted to try to protect their whole pile of cash. No going back now.

 

[4 Oaks Frog]

Remember, the consumer sets the market. What/who is hot today, might be cold tomorrow. And, what if the player decides to transfer? What’s hot in Cowtown, might be cold in LA. Lots of [ Finebaum ] to consider…
GO FROGS!
BEAT EVERYBODY!
Spit Blood ~~<~<and fornicate baylor!!

 

[Eight]

I know Finance is being tongue-in-cheek, but the NCAA missed its chance to be out in front on this years ago. The only defensible "amateur athletics" play was to propose that likeness revenue go into a fund to cover expenses from long-term injuries suffered by athletes in college. Lots of young people risking their health for the financial benefit of colleges and their corporate partners.

But the NCAA wanted to try to protect their whole pile of cash. No going back now.

agreed, they got greedy and didn't want to admit what was heading their way and did they typical head in the sand maneuver

between the impending changes, espn's continued growing influence, the differing attitudes of the role of college athletics and money among the conferences, and small things such as continued molestation scandals at pillars of the big 10 and it is nothing but smooth sailing going forward for the ncaa