Florida’s name, image and likeness bill will finally be enacted Thursday after a year of waiting since the legislation was passed. With the swift arrival of July 1, Florida’s University Athletic Associated released its guidelines on June 27 for student-athletes and their endorsements and compensation.
These guidelines will not interfere with the bill the state of Florida passed, and it will allow student-athletes to profit off third-party endorsement deals using their name, image and likeness separate from the university.
The first bullet point states what these student-athletes can be compensated for, according to FloridaGators.com.
[exco_embed id=”e5869bc6-faf6-4b7a-8c06-b5610c96a8fe”]
The second one reads: “The University of Florida, the athletic department, staff members or boosters may not compensate or arrange compensation to a current or prospective intercollegiate athlete for her or his name, image, likeness.”
Some restrictions that the Gators laid out involving NIL compensation deals is that none of them can interfere with team or class schedules or events. Athletes are only allowed to use university- or athletic-related marks and logos. The UAA said facilities from the school can be used with prior approval and waiver forms handled by the operations department. Florida athletes can’t enter agreements that extend beyond their time with the school or agreements with gambling, sports wagering and performance-enhancing drug vendors.
Finally, all name, image and likeness agreements must be disclosed to the UAA within four days. Student-athletes are also only allowed to use Florida state-licensed lawyers and members in good standing of The Florida Bar as legal representation for name, image and likeness matters only.
