The NCAA Division I Council has taken steps toward implementing new rules to regulate how college athletes can be compensated for their name, image, and likeness (NIL).
The proposals are based on recommendations from the NIL working group and aim to bring transparency and oversight to transactions involving college athletes. While the proposals are not final until the council meeting concludes, and they could potentially be adopted as early as January at the NCAA convention.
The proposals include:
- The creation of a voluntary registry for NIL service providers.
- Requirements for athletes to disclose NIL deals worth more than $600 to their schools.
- The development of a standardized NIL contract, and education programs for both high school prospects and college athletes.
The move comes on the heels of several high-profile controversies. Since the NCAA lifted its ban on college athletes earning money from their NIL in the summer of 2021, it has operated without detailed NIL rules, leading to different state laws governing NIL activities.