Seems like after some threats from POTUS, the B1G and SEC are on board. I assume there will be some pushback from various legislators, and a lot of this seems very difficult to enforce, but the highlights are:
- Limits conference expansion (for the Power 4) to 19 teams and does not allow teams who have been in a conference for five years to move to another without first operating as an independent for five years. It also prevents the creation of a 'Super League'.
- Transfer restrictions would return in the form of a one time no penalty transfer per player, as well as unlimited graduate transfers. Subsequent transfers would require sitting out a year. Also, players would be allowed to transfer in the event of a new head coach hiring or misconduct related circumstance.
- Increased revenue sharing and 'hard' spending cap:
The money opened up for athletes by the House v. NCAA settlement (around $21 million this year) would increase by way of a new $22.5 million “retention fund” limit to be used on a school’s current players, plus another $5 million capped pool exclusively for women’s sports and nonrevenue sports, totaling nearly $50 million per year.
In an attempt to close spending loopholes and to create a harder cap, the bill also adopts the House settlement’s definition of an “associated entity” and requires school multimedia rights holders and third parties to provide signed certification that a school is not the source of NIL compensation to the athlete. This was the final change that got the SEC and Big Ten on board.
The bill also preempts the various state laws on NIL, eligibility and transfers that had complicated the NCAA’s pursuit of a national standard for a level playing field.
- 'Lane Kiffin' rule - prevents coaches from performing head coaching duties at a new school until their current school's season concludes. This isn't just for HC's taking a new job; it's any college coach who accepts a HC position at a new school - so, OC's and DC's are in the same boat.
- Caps agent fees to 5% of NIL deals and requires agents to register with a state before representing an athlete. Also maintains a database of agents and allows the NCAA to certify/decertify them.
Some good stuff here (mostly with transfer rules and agent limitations); no idea how this isn't challenged in court the first time a HC takes another job and wants to leave. Thoughts?
- Limits conference expansion (for the Power 4) to 19 teams and does not allow teams who have been in a conference for five years to move to another without first operating as an independent for five years. It also prevents the creation of a 'Super League'.
- Transfer restrictions would return in the form of a one time no penalty transfer per player, as well as unlimited graduate transfers. Subsequent transfers would require sitting out a year. Also, players would be allowed to transfer in the event of a new head coach hiring or misconduct related circumstance.
- Increased revenue sharing and 'hard' spending cap:
The money opened up for athletes by the House v. NCAA settlement (around $21 million this year) would increase by way of a new $22.5 million “retention fund” limit to be used on a school’s current players, plus another $5 million capped pool exclusively for women’s sports and nonrevenue sports, totaling nearly $50 million per year.
In an attempt to close spending loopholes and to create a harder cap, the bill also adopts the House settlement’s definition of an “associated entity” and requires school multimedia rights holders and third parties to provide signed certification that a school is not the source of NIL compensation to the athlete. This was the final change that got the SEC and Big Ten on board.
The bill also preempts the various state laws on NIL, eligibility and transfers that had complicated the NCAA’s pursuit of a national standard for a level playing field.
- 'Lane Kiffin' rule - prevents coaches from performing head coaching duties at a new school until their current school's season concludes. This isn't just for HC's taking a new job; it's any college coach who accepts a HC position at a new school - so, OC's and DC's are in the same boat.
- Caps agent fees to 5% of NIL deals and requires agents to register with a state before representing an athlete. Also maintains a database of agents and allows the NCAA to certify/decertify them.
Some good stuff here (mostly with transfer rules and agent limitations); no idea how this isn't challenged in court the first time a HC takes another job and wants to leave. Thoughts?
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