Here's a Texas problem that causing problems
The current NIL bill on Texas's books does not allow universities to enter into direct contracts with athletes and prohibits athletes from earning NIL money while participating in team activities. The pending settlement for the House v. NCAA antitrust case opens the door for athletic departments to share revenue up to $20.5 million per year for the use of athletes' names, images and likenesses during game broadcasts and in promotion of the department. A clause in HB 126 also allows for flexibility in the state law should the NCAA or a court ruling change the landscape or rules regarding NIL compensation in the future. The state needed an update to its law to allow Texas universities to participate in these portions of the settlement.
The current NIL bill on Texas's books does not allow universities to enter into direct contracts with athletes and prohibits athletes from earning NIL money while participating in team activities. The pending settlement for the House v. NCAA antitrust case opens the door for athletic departments to share revenue up to $20.5 million per year for the use of athletes' names, images and likenesses during game broadcasts and in promotion of the department. A clause in HB 126 also allows for flexibility in the state law should the NCAA or a court ruling change the landscape or rules regarding NIL compensation in the future. The state needed an update to its law to allow Texas universities to participate in these portions of the settlement.