posted on May, 7 2021 @ 03:52 PM
This is a load of crap. I don't see how this junk can be legal. So they are allowed to make money but the school can take 75% and give it to whomever
they like? Really? Not sure if this is the right forum but it's hard to know sometimes where this crap lies.
...also allows schools to take athletes' money
Georgia Gov. Brian Kemp (R) signed the state's new bill regulating athletes' name, image and likeness rights on Thursday. Kemp held his
signing ceremony at the University of Georgia with a Bulldog backdrop in the athletic department's recruiting lounge. The symbolism was meant to be
obvious for a law ostensibly designed to let athletes profit off their own image rights starting on July 1.
But there's a provision in the law that allows colleges to have significant control over athletes' endorsement money.
The bill that Kemp signed into law allows schools across the state to take up to 75% of an athlete's endorsement income. That cut would be deposited
into a pool for all athletes at the school and then redistributed upon athletes' graduation.
I agree with this tweet on the page:
Anyone else read the Georgia #NIL bill? GA schools can require athletes to contribute up to 74.99% of their NIL earnings to a fund for all
athletes to be doled out at graduation/withdrawal from school. SCHOOLS should set up such a fund with proceeds from their $million
They have kept college athletes from earning money for decades and now they want to give them the right to use their NIL but yet, they can take three
quarters of all earnings? Id say, if I were considering a school in Georgia, to hell with the whole state and go somewhere that doesn't have a stupid
law like this. Hope they can't recruit anyone, see how a law like this can turn on you. Nick Saban is probably giddy about this thinking he'll get
even more recruits. As if he needs them lol. Stupid Governor, et al., hope this bites them all on their collective asses.
As the article states, though, it's a little more complicated as the NCAA has done nothing about this, even though someday there will be Fed laws
regarding this which should have moved them to do something, but they didn't and now we are getting stupid state lawmakers signing laws like this.
I don't think either the lawmakers nor the NCAA can get this right but we'll have to see how it plays out. Eventually. A music major can teach music
and make money, why the hell can't "student/athletes" make money? Greg Anthony, famous for winning a championship here in 1990, had his own company
stripped from him just so he could play AAA basketball and make it to the NBA. That was thirty years ago and almost nothing has changed.
I have a hard time understanding how a law like this can be enacted. Are they so seriously tone deaf and can't read the room? This is the best they
can come up with, "protecting" their precious plantations?