Bill > SB0536

This bill establishes comprehensive regulations for Tennessee college athletes' name, image, and likeness (NIL) compensation, providing a detailed framework for how intercollegiate athletes can earn money from their personal brand. The legislation allows athletes to receive compensation for the use of their name, image, and likeness while protecting their athletic eligibility and setting clear guidelines for institutions, athletic associations, and third-party representatives. Key provisions include permitting athletes to obtain representation, earn compensation from third parties, and engage in NIL activities with certain restrictions, such as prohibiting activities promoting gambling, tobacco, alcohol, and adult entertainment. The bill requires institutions to conduct financial literacy workshops for athletes, ensures athlete representatives act as fiduciaries, and mandates confidentiality for most NIL-related records. The legislation also restricts athletic associations from interfering with athletes' compensation opportunities and provides opt-out provisions for private institutions. Notably, the bill aims to balance athlete economic rights with institutional interests, ensuring that NIL activities do not conflict with existing institutional agreements or team operations, and includes safeguards to protect minor athletes. The law is set to take effect immediately and includes a severability clause to preserve other provisions if any part is found invalid.

Education

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0536&ga=114