NIL in the news

[Wrestleknownothing]

Everyone's favorite topic.

House Settlement

The deadline to file an appeal of the House Settlement was July 7. Seven appeals have been filed. Three are based on Title IX claims, two are based on the revenue cap, and two are based on the damages distribution.

One of the damage distribution appeals was made by wrestling's own Sebastion Rivera and Ryan Deakin. Go get em boys.

NIL Go Gone and Went After Collectives

The College Sports Commission issued guidance yesterday and what will, and will not, be approved. The took square aim at the collectives.

https://www.collegesportscommission.org/nil/

From their website:

"An entity with a business purpose of providing payments or benefits to student-athletes or institutions, rather than providing goods or services to the general public for profit, does not satisfy the valid business purpose requirement set forth in NCAA Rule 22.1.3.

The requirement is not met even if the particular deal with the student-athlete purports to provide goods or services to the general public. For example, a NIL collective that has a business purpose to pay student-athletes associated with a particular school or schools does not satisfy Rule 22.1.3 when it reaches a deal with a student-athlete to make an appearance on behalf of the collective at an event even if that event is open to the general public and the collective charges an admission fee (e.g., a golf tournament)."

Congress shoots, but do they SCORE?

From The Athletic:

"A bill designed to end ambiguity surrounding name, image and likeness (NIL), establish professional guidelines for agents and protect collegiate leagues from antitrust lawsuits received a strong endorsement from a bipartisan group of nine congressional representatives Thursday.

The Student Compensation and Opportunity through Rights and Endorsements (SCORE) Act, which was introduced in the Energy and Commerce subcommittee, prevents athletes from obtaining employee status. But in many ways, the act is the first step in establishing a bill of rights for athletes."

The article goes on to say the goal of the legislation is to make all the various state laws moot by replacing them with a single federal regulation. It seems like this would also trump the House Settlement if passed.

[MPhillips]

14 minutes ago, Wrestleknownothing said:

But in many ways, the act is the first step in establishing a bill of rights for athletes."

Thanks...

Interesting.

[Wrestleknownothing]

10 minutes ago, MPhillips said:

Thanks...

Interesting.

can't believe I misspelled Sebastian

[MPhillips]

5 minutes ago, Wrestleknownothing said:

can't believe I misspelled Sebastian

Ionel didn't see it so it doesn't count...

[ionel]

2 hours ago, Wrestleknownothing said:

can't believe I misspelled Sebastian

If only you'd pay your interns a living wage.  

 

Also you should probably go thru concussion protocol.  

Edited Friday at 10:42 PM by ionel

[ionel]

2 hours ago, MPhillips said:

Ionel didn't see it so it doesn't count...

[Wrestleknownothing]

Hold all tickets. Today the Class Counsel took exception to the College Sports Commission's guidance with regard to collectives.

“We urge the CSC to retract the July CSC Memorandum and clarify that the valid business purpose requirement applies to NIL collectives in the same manner as any other entity,” the letter said. “If the CSC does not retract the statement, Class Counsel will have no choice but to pursue relief from the Special Master as the July CSC Memorandum is already causing injury to class members.”

[CHROMEBIRD]

Didn't want to start a whole new thread just for this, so posting here: so yesterday, I'm out running in this ridiculous heat, decide to hit up a corner store for something cold. I spot this drink that says ENERGY, ZERO SUGAR, and BLUEBERRY, and am immediately like, "yeah, that sounds good" without really paying attention to the rest of the can. Only after buying it do I notice the bigass, extremely obvious Nittany Lion and Happy Valley United on the front.

HVU sounded vaguely familiar, like maybe a PSU soccer club or somethign, and I didn't think too much of it at first. But when I got home I looked up the product and found out that it's a PSU NIL drink! HVU is PSU's NIL Collective and proceeds go towards the school's NIL slush fund. Ptoo! Ptoo! Next time, I'm either reading the can like a book or just sticking to water. Lesson painfully learned!!

Edited Sunday at 08:36 PM by CHROMEBIRD