A new bill, HB 25-1041, has been introduced at the state house.
Under the bill
(1) Schools can pay players directly for NIL.
(2) Schools can't prohibit or regulate NIL from outside sources, including money payed to high school athletes for NIL.
(3) NIL deals are exempted from the Colorado Open Records Act.
(4) There can be no limit on agents or outside advisors.
There is a provision that would allow a school to limit NIL if reqiured by the NCAA or conference:
"Except as may be required by the rules or requirements of an athletic association of which an institution is a member, an institution shall not uphold any rule, requirement, standard, or other limitation that prevents a student athlete of the institution from earning compensation from the use of the student athlete's name, image, or likeness. A student athlete's earning of such compensation does not affect the student athlete's scholarship eligibility."
Essentially means that Colorado will be Laissez-faire as far as NIL and paying players is concerned, as long as the NCAA and Big-12 don't prohibit it, and with the House settlement and so forth, I don't think there will be any rules at all. If this passes, the only way to regulate this stuff might have to come from Congress.
Bill is sponsored by:
Rep Leslie Smith (D) District 49 (essentially the foothills from Wyoming to Idaho Springs, excluding Evergreen), who is a former CU Regent.
Sen. Judy Amabile (D) Senate District 18 (Boulder County)
Sen James Coleman (D) (Denver), who is President of the Senate.
Since the bill was just introduced, it does not have a committee assignment yet.
Under the bill
(1) Schools can pay players directly for NIL.
(2) Schools can't prohibit or regulate NIL from outside sources, including money payed to high school athletes for NIL.
(3) NIL deals are exempted from the Colorado Open Records Act.
(4) There can be no limit on agents or outside advisors.
There is a provision that would allow a school to limit NIL if reqiured by the NCAA or conference:
"Except as may be required by the rules or requirements of an athletic association of which an institution is a member, an institution shall not uphold any rule, requirement, standard, or other limitation that prevents a student athlete of the institution from earning compensation from the use of the student athlete's name, image, or likeness. A student athlete's earning of such compensation does not affect the student athlete's scholarship eligibility."
Essentially means that Colorado will be Laissez-faire as far as NIL and paying players is concerned, as long as the NCAA and Big-12 don't prohibit it, and with the House settlement and so forth, I don't think there will be any rules at all. If this passes, the only way to regulate this stuff might have to come from Congress.
Bill is sponsored by:
Rep Leslie Smith (D) District 49 (essentially the foothills from Wyoming to Idaho Springs, excluding Evergreen), who is a former CU Regent.
Sen. Judy Amabile (D) Senate District 18 (Boulder County)
Sen James Coleman (D) (Denver), who is President of the Senate.
Since the bill was just introduced, it does not have a committee assignment yet.