Details on the SCORE Act that Congress is working on.
* would require all NIL deals to hold a “valid business purpose” and fall within NIL Go’s fair market value compensation range and anti-circumvention rules
* would allow the NCAA to require athletes to disclose NIL deals so collected data could be anonymized, aggregated and shared
* would stipulate that schools earning at least $50M annually in media rights could not use student fees to support their athletic programs (impacting SEC and Big Ten schools)
* would limit agent compensation to 5 percent of an athlete’s compensation (Yahoo was told by coaches that some agents are charging 10 to 20 percent on some deals)
* would allow the establishment of a one-time transfer rule and eligibility standards
* would keep schools from cutting scholarships for injury or performance
* would require schools to provide athletes with academic support and out-of-pocket healthcare within three years of leaving school
* would require all schools to maintain 16 varsity sports teams
* would allow schools to restrict athlete NIL deals that violate school code of conduct or present a conflict with an existing school agreement (like an athlete having a shoe deal with a different brand than the school)
* would prohibit states from passing their own NIL laws
* would make the House settlement law instead of just a legal settlement