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Old 05-06-2021, 06:16 PM
2,084 posts, read 1,389,546 times
Reputation: 2288


For years, college athletes have seen themselves in video games, commercials and on apparel but have not been able to benefit financially because of their amateur status.

Gov. Kemp says with the bill’s signing, Georgia schools can remain competitive with those in a dozen other states that have passed similar legislation..."


SOURCE: Emil Moffatt, WABE News
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Old 05-10-2021, 07:30 AM
Location: west cobb slob
287 posts, read 174,996 times
Reputation: 822
So there is an interesting provision in this bill where student athletes could be forced to contribute up to 75% of their earnings towards a pool for other and past athletes. I wonder if any school will enforce that or not.

(B) Team contracts may provide for a pooling arrangement whereby student athletes who
receive compensation for the use of their name, image, or likeness pursuant to this article
agree to contribute a portion of the compensation they receive pursuant to such contract to
a fund for the benefit of individuals previously enrolled as student athletes in the same
postsecondary educational institution as such student athlete, provided that such pooling
arrangement meets the following conditions:
(i) Student athletes shall not be required to contribute an amount equal to more than
75 percent of the compensation received for the use of their name, image, or likeness
pursuant to this article;
(ii) Each postsecondary educational institution shall establish only for the purposes
of this paragraph an escrow account in any bank or lending institution subject to
regulation by this state only;
(iii) All contributions from student athletes who receive compensation for the use of
their name, image, or likeness pursuant to this article shall be deposited in such
escrow account by the athletic director of the postsecondary educational institution,
or his or her designee;
(iv) Upon graduation or withdrawal for at least 12 months from the postsecondary
educational institution, individuals who were student athletes prior to such graduation
or withdrawal, shall be eligible to receive a pro rata share of the pooled contributions
based on the number of months the individual was a student athlete; and
(v) The postsecondary educational institution shall provide for the implementation
of the provisions of this paragraph in a manner that does not discriminate against or
treat differently individuals based upon race, gender, or other personal status
protected by federal or state law.
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