On June 12th, 2020, Florida became the second state (after California) to pass a Name, Image, Likeness (NIL) law for their colleges and institutions. Although they were second to pass, they are one of the first to see the legislation go live, as it is effective July 1, 2021. Governor Ron DeSantis signed State Bill 646 allowing intercollegiate student athletes the ability to earn compensation for the use of their NIL.
Bill
Status
Signed Into Law
Effective
Date
08/22/22
NCAA
Institutions
26
Estimated
NCAA Athletes
7,800
High School
NIL Legislation
No
Last Updated 08/22/22
In late April 2021, State representatives proposed an amendment to the bill that would push back the start date to 2022. However, the amendment was quickly shot down and the Florida NIL Legislation stays on course for July 1, 2021. The following components have been spelled out from the Bill:
Now that Student Athletes will have the ability to profit off of their Name, Image and Likeness, they have to remain conscious about certain thresholds that could have certain tax consequences. Specific to the State of Florida:
The Florida NIL Law is a bill authorizing an intercollegiate athlete at a postsecondary educational institution to earn compensation for the use of her or his Name, Image, or Likeness (NIL), and prohibits a postsecondary institution from preventing an athlete from earning NIL compensation. (Link)
Florida NIL started on July 1, 2021, per the NCAA Interim Policies and with the passage of Senate Bill 646, Florida State NIL laws also took effect on July 1, 2021.
Florida NCAA Student-Athletes will be able to earn compensation for the use of her or his Name, Image, or Likeness (NIL) through a multitude of different opportunities. Student-Athletes can now make money for things such as endorsements, sponsorships, appearances, autographs, memorabilia, podcasts, camps, clinics, private lessons, crowdfunding, and many other opportunities!
Both athletes and administrators in the State of Florida should start by making sure they have a proper understanding of the rules and regulations set-forth by Senate Bill 646. A working-knowledge of the ‘Dos and Don’ts’ for Florida NIL will allow all parties to safely and successfully navigate the new landscape. The next most important aspect would be the compliance component of NIL. Not only do students need to make sure they are entering agreements that are compliant with the passed state regulations, but they need to make sure they are transparent with their school to avoid any institutional conflicts.
All institutions with NCAA athletic programs are affected by NIL. In the state of Florida, the following schools will be affected:
D1
D2
NAIA
NJCAA
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