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Bill > S229


NC S229

NC S229
Authorize NIL Agency Contracts


summary

Introduced
03/04/2025
In Committee
05/06/2025
Crossed Over
05/06/2025
Passed
Dead

Introduced Session

2025-2026 Session

Bill Summary

AN ACT TO AUTHORIZE NAME, IMAGE, AND LIKENESS AGENCY CONTRACTS AND TO EXEMPT NAME, IMAGE, AND LIKENESS CONTRACTS FROM PUBLIC RECORDS REQUIREMENTS.

AI Summary

This bill establishes a comprehensive legal framework for Name, Image, and Likeness (NIL) agency contracts involving student-athletes in North Carolina, introducing new definitions and regulations to govern these emerging contractual arrangements. The legislation creates two distinct types of agency contracts: professional-sports-services agency contracts and NIL agency contracts, with specific requirements for each. For NIL contracts, the bill mandates that agency agreements must include a warning statement about potential eligibility consequences and allows students to cancel the contract within 14 days of signing. The bill also places restrictions on athlete agents, particularly those with recent employment or contractual relationships with educational institutions, prohibiting them from entering NIL agency contracts with student-athletes at their former institution. Additionally, the legislation includes a public records exemption, making NIL contract records confidential and preventing public agencies from disclosing these documents. The bill aims to provide clear guidelines and protections for student-athletes engaging in NIL contracts while maintaining transparency and preventing potential conflicts of interest in the emerging NIL marketplace.

Committee Categories

Education, Government Affairs, Justice

Sponsors (3)

Last Action

Ref To Com On Rules, Calendar, and Operations of the House (on 05/06/2025)

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