Bill > LB370

This bill updates the Nebraska Student-Athlete Name, Image, or Likeness Rights Act by providing comprehensive regulations for how student-athletes can earn compensation for their name, image, and likeness (NIL). The bill expands definitions, clarifies the rights of student-athletes, and establishes new requirements for agency agreements and NIL contracts. Key provisions include allowing student-athletes to enter into contracts with third parties, obtain professional representation, and receive compensation for their NIL rights, while prohibiting postsecondary institutions from penalizing athletes for such activities. The bill introduces detailed requirements for NIL contracts, including mandatory written agreements for payments over $5,000, and sets strict guidelines for athlete agents, such as background checks and disclosure requirements. Additionally, the legislation prevents upfront payments for future athletic earnings, ensures transparency in NIL agreements, and provides mechanisms for civil action if the act's provisions are violated. The bill aims to protect student-athletes' rights while maintaining the educational integrity of collegiate sports, giving students more control over their personal brand and potential earnings while establishing clear boundaries for such activities.

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https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59269