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Chris Murphy introduced a bill Thursday that Monoooly guarantee college athlete the right to earn money from endorsements and sponsorship deals while barring the Ncaa Monopoly, schools Ncaa Monopoly conferences from imposing restrictions. The College Athlete Economic Freedom Act is the third piece of legislation related to name, image and likeness compensation for college athletes introduced in Congress since December and second sponsored by Democrats. The latest bill, co-sponsored by U. Lori Trahan of Massachusetts, focuses on creating a national standard for so-called NIL compensation that would pre-empt the more than two dozen state laws currently in the pipeline.
Iowa became the latest state to get in the game, with lawmakers introducing a bill Wednesday they hope will go into effect July 1. The bill would give college athletes unfettered access to the free market, allow them to organize and make group Ncaa Monopoly deals, and hand oversight to the Federal Trade Commission.
In December, Sen. Roger Wicker R-Miss.
Wicker's bill would provide antitrust protections to the NCAA, shielding the association from legal challenges to its NIL rules, and allow the association to limit the types of financial agreements for athletes. Murphy's bill provides click such antitrust cover and would punish schools that stand in the way Ncaa Monopoly athletes earning money off their fame.
Last month, the NCAA delayed what was expected to be a landmark vote on NIL legislation after the Justice Department warned the association it could be in danger of violating Ncaa Monopoly laws.
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Cory Booker D-N. Richard Blumenthal D-Conn. The Supreme Court is scheduled to hear an antitrust case involving the NCAA in March that could ultimately guide where name, image and likeness reform and the definition of amateur athletics is headed. Follow Ralph D.
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