It is impermissible for student-athletes to receive compensation directly or indirectly for participating in an athletics competition. Is it permissible for an event operator, event sponsor or another institution to pay a collective, which, in turn compensates student-athletes?Ī: No. Q4: It is clear student-athletes may not be compensated for participating in a competition and may not be compensated for promoting such competition. Just over a week ago, the NCAA's AMA team released a Q&A document specific to MTEs, with one question specific to NIL. for the hearing, so if you're in the area and would like to connect please reach out! Members of the Opendorse and I will be in D.C. The Collective Association (TCA) certainly isn't. It's true that a 90-minute session will not solve all of the industry's problems, but don't overlook this one in particular. (This all depends on what your definition of "action" is though, as the audience continues to call for action beyond the introduction of bills.) 5 of the last 6 introduced bills have come within a month of previous hearings, so it isn't far fetched to see this week's hearing as another catalyst for action. And, historically, action does follow these sessions. Under the commonly understood timeframe, Congress has 19 more days until it goes on fall recess, and the NCAA's DI Council reconvenes in a short two weeks. On top of this, if a federal bill including an RFP for a disclosure database were to become a law, the Committee on Small Business would be the body responsible for the process for small businesses participating in government contracting. While Commerce has handled hearings in the past (and continues to be the preferred avenue for fast-tracking a federal solution), this committee is arguably best positioned to address the immediate needs of the industry. Further, NIL collectives (responsible for 80% of NIL compensation) are almost all small businesses themselves - they are LLCs setup in hyperlocal, college markets pushing millions of dollars into community-driven activities. As reported in April, 79.7% of NIL activities come from brands, with over 46% of those being local businesses. This committee has inherent interest in the NIL market. While a lot of these topics are the usual suspects, here are the two main differentiators from previous hearings: Impact of conference realignment on the college sports industry Review of the NCAA guidance/introduced Federal billsĪttack on the "NCAA's lack of enforcement" on NIL violationsĭata points citing overwhelming dollar flow via Collectivesĭisproportionate dollar flow to female student-athletes
Introductions littered with alma mater references (maybe even mini football helmets) While hearings typically last 90-minutes, here is what we can undoubtedly expect to be covered. Maddie Salamone, Attorney/VP College Football Players’ Association (CFBPA)
Gino Torretta, '92 Heisman Trophy Winner/2-Time National Champion at Miami
#CHIPOTLE ONLINE FULL#
This Wednesday at 10:00am ET, the House Committee on Small Business will hold a full committee hearing titled “Athletes and Innovators: Examining NIL’s Impact on Entrepreneurial College Athletes.” Released on Friday, the witnesses include: PREVIEW: Congressional Hearing on NIL 🇺🇸Īlabama HS Football Team Forfeits, Citing NIL Violation ❌ Welcome back! Dive in for some interesting insight on the upcoming Congressional hearing, recent NCAA movement, and a feature of arguably every college athlete's dream NIL deal.
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