The NIL bill amendment will make Florida schools more competitive with other states
Florida is about to undergo major NIL bill-related changes. The amendment to Florida's Name, Image, and Likeness (NIL) statute was signed into law by Governor Ron DeSantis, fixing language that prevented schools from participating in NIL partnerships.
Athletes will be able to receive endorsements and other forms of compensation from their schools and coaches without fear of repercussions.
What changes after the NIL bill amendment
Under House Bill 7B, college athletes can profit from their name, image, and likeness. It is now legal for teams and coaches to assist players in negotiating NIL contracts. In addition, the new rule mandates that schools give financial education, practical skills, and entrepreneurial courses to student-athletes.
School administrators were previously barred from participating in NIL negotiations. This led to uncertainty and disadvantaged Florida colleges in the emerging field of collegiate athletics.
NIL amendments in the past
The first version of Florida's NIL bill was developed towards the end of 2019 and made its way slowly through the legislature in the first few months of 2020. The state of Florida is only one of several early adopters to have some regret after making the change. While Nevada is still attempting to alter its legislation, Alabama has completely abolished its law.
The leadership of Florida's legislature was preoccupied with other matters during the 2022 legislative session, making it difficult for legislators to make meaningful progress on the NIL bill. However, Florida House Speaker Paul Renner renewed interest in addressing the NIL problem.
How do you think college football will change now that this law has been changed? Let us know down below!
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