NCAA Reaches Settlement in Multi-State NIL Lawsuit, Clearing Path for College Athletes to Profit from Personal Branding
Nashville, Tenn. — A significant legal dispute concerning the rights of college athletes to profit from their own persona has reached a resolution. On Friday, the NCAA agreed to settle a lawsuit instigated by multiple states, including Tennessee, regarding its previous restrictions on athletes’ ability to monetize their name, image, and likeness (NIL). The essence of NIL arrangements is that they permit collegiate athletes to earn compensation through endorsements, appearances, and social media activities directly related to their personal brand. This shift signifies a departure from long-standing NCAA rules that strictly prohibited athletes from receiving … Read more