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- Sports Court: NIL Newsletter #6
Sports Court: NIL Newsletter #6
The fastest three minutes in name, image, and likeness
Hello friends! Welcome to the Sports Court NIL Newsletter where three times per week, I will discuss insights and news related to name, image, and likeness in three minutes or less.
Today’s Case
NCAA returns to Congress to discuss NIL
United States Capitol in Washington, D.C.
This past Wednesday, the House Subcommittee on Innovation, Data, and Commerce held a hearing called “Taking the Buzzer Beater to the Bank: Protecting College Athletes’ NIL Dealmaking Rights.” (Link to witnesses & hearing.)
While there have been several congressional and state-level hearings on NIL and college athletics (and this was my first time watching one), this was the first congressional hearing in the post-Mark Emmert era. Administrators and coaches have been pleading for a national standard. Legislators from both parties have introduced legislation, yet nothing has advanced.
The Verdict:
The entire hearing was a mess.
While some members of Congress took it seriously and asked insightful questions, it was a lot of grandstanding/being a homer for their favorite college teams and/or alums.
The focus of the hearing was supposed to be on NIL, with a focus on collectives. Yet, not one person from a collective was invited to speak.
The politicians repeatedly asked questions about NIL payments and contracts used as recruiting inducements, agent fees, the relationship between collectives and athletic departments, etc.
These politicians seemed to be lumping together NIL discussions as a whole, when there is distinction between brand deals for athletes vs. collective agreements for athletes. Treating both as the same will lead to more confusion.
The six witnesses that were called gave good responses to questions; however, they were not optimal people for the discussion. I would have liked to see:
A person who runs a collective, preferably one that supports a large P5 program
A lawyer specializing in NIL activities
An agent or athlete representation who executes NIL brand deals at a large scale
A third party representative, such as an Economics or Finance professor who understands the market of college athletics
An big name athlete at a major P5 program to discuss the large scale deals they received/are pitched.
The NCAA will continue to push the narrative of “lack of transparency,” “differing state laws,” etc. in order to have a federal law mandate. In turn, this federal law will put up guardrails on student-athletes and make it harder for these athletes to be compensated.
Question of the Day
Who should be the final authority on creating NIL laws?
Federal Government
State Governments
NCAA
Other
Vote on the Sports Court Instagram Story and comment below.
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