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Power 5 conferences issue joint statement in support of bipartisan NIL bill
Power 5 commissioners voice support for Congressional NIL bill.
www.saturdaydownsouth.com
The commissioners of the Power 5 conferences are on board with a new bipartisan NIL bill.
SEC commissioner Greg Sankey joined with his ACC, Big Ten, Big 12 and Pac-12 counterparts to release a joint statement endorsing the new bill introduced by Senators Richard Blumenthal (D-Conn.), Cory Booker (D-NJ) and Jerry Moran (R-Kan.) called the College Athletes Protection & Compensation Act.
Front Office Sports recently detailed the highlights of the 50-page bill introduced by Blumenthal, Booker and Moran. The act includes the formation of the College Athletics Corporation (CAC) to enforce NIL rules. The CAC would consist of a 15-member board of directions, including 5 athletes either current or within the last 10 years. The CAC would conduct investigations and give out punishments to schools that violated NIL rules.
The CAC would certify agents athletes can hire for NIL purposes. Under the bill, an underclassman with an agent could enter the draft and potentially return to school if they go undrafted. The undrafted athlete would have to apply within 7 days and not have received any compensation for a league, team or agent.
The bill also has schools providing lifetime scholarships and postgraduate medical care for 2-4 years, depending on annual athletic revenue.
I'm starting to think this bill might actually have a shot and have teeth the NCAA does not. The question is will it reign in the collectives that have been created but something is better than the nothing we have right now.
