Monday night, after hours of debate on amendments, the Protect College Sports Act advanced out of the U.S. Senate. It now heads to the House of Representatives and, if it advances once more, would head to President Donald Trump’s desk.
The Protect College Sports Act had support from all power conferences, including the Big Ten and SEC, which announced in late July that they were on board with the bipartisan legislation. The NCAA and president Charlie Baker have also been ardent supporters of the bill.
Advertisement
SUBSCRIBE to the On3 NIL and Sports Business Newsletter
Monday’s vote was a landmark moment for college athletics as a piece of legislation aimed at settling the landscape advanced out of one branch of Congress. Afterward, Baker released a statement acknowledging what it means for the NCAA’s efforts on Capitol Hill.
“Student-athletes from across the country and all three NCAA Divisions worked hard to get on this legislation moving and thanks to their advocacy, the bill just received a massive, bipartisan vote in the Senate,” the statement read. “The NCAA thanks the many senators who sponsored this bill – including Senators Cruz, Cantwell, Schmitt and Coons – as well as the many other senators who voted for the bill, for their bipartisan effort to protect this uniquely American tradition of college sports in the decades to come.
“Now the bill moves to the U.S. House of Representatives and there is much work left to do to ensure student-athlete benefits are codified into federal law and future generations of young people can access those benefits and use college sports as the launching point for their careers.”
Advertisement
The Protect College Sports Act would grant the NCAA an antitrust exemption to limit athletes to one transfer without penalty, standardize the new five-year, age-based eligibility policy, increase the revenue-sharing cap to nearly $50, put more enforcement in place around the rev-share cap, create an agent registry with a maximum 5% fee and allow schools to pool together their media rights, among other things.
This story will be updated.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: Sports.yahoo.com
