Bill > SB490

This bill modifies the existing Student Athlete Name, Image, and Likeness Rights Act to provide clearer guidelines for how student athletes can earn money from their personal brand while in college. The legislation allows student athletes to receive payments for the use of their name, image, and likeness without affecting their athletic scholarship eligibility, and permits postsecondary institutions and authorized third parties to support these opportunities. Key provisions include prohibiting the use of state funds for such payments, clarifying that these payments do not make student athletes employees of their institutions, and removing previous time limits on contract disclosures. The bill also gives postsecondary institutions the right to revoke scholarships or commitments if a student athlete receives payments not permitted by the Act or by their collegiate athletic association. Additionally, the legislation restricts student athletes from entering agreements that could negatively impact their institution's reputation and allows institutions to establish reasonable restrictions on name, image, and likeness activities to prevent interference with team operations. The bill includes an emergency clause, meaning it will take effect immediately upon passage and approval.

Budget and Finance, Justice

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb490&Session=2600