“Athletic directors, administrators, associations, NIL collectives and athlete groups provided feedback in October. A close friend to Manchin and Tuberville, Alabama football coach Nick Saban was consulted during the process. NCAA president Charlie Baker has also spent considerable time in Washington, D.C., since taking the job in March.

Those efforts have now resulted in the “Protecting Athletes, Schools and Sports Act of 2023,” nicknamed the “Pass Act.” A former head coach at Ole Miss and Auburn, Tuberville announced plans for the bill last August. The bill was on track to be released this spring but now comes out in late July. Read the full piece of legislation here. “ – Pete Nakos, on3.com

Nakos summed up the main points of the legislation:

• The NCAA would be allowed to revoke school licenses to participate in NIL or send violations to the Federal Trade Commission (FTC) or other federal agencies. The FTC could commence investigations if the NCAA violates the act, along with the power to revoke the governing body’s tax-exempt status.
• The Pass Act would force boosters and collectives to be affiliated with a school. It would also prohibit NIL from being used as an inducement in recruiting and the transfer portal.
• Provide coverage for sports-related injuries for uninsured athletes for eight years following graduation from a four-year university. Larger schools – Power 5 programs – would be required to pay for expenses even after athletes leaves the school.
• Collectives can promote their program, assist in recruiting and assist in providing benefits to recruits, athletes or parents of athletes, but only if the organization is formally associated with the school through an official contract.
• Require athletes to participate in financial literacy training.
• Contracts would be required to be made public for any non-athlete parties involved in NIL. This would make it ideal for the FTC to launch investigations.
• Uniform contracts would be required.
• NIL deals involving athletes or institutions would be prohibited in specific industries, including drug paraphernalia, dangerous weapons and gambling.
• If enacted, athletes would be prohibited from entering the transfer portal in the first three years of eligibility, with some exceptions.

Read the complete article HERE