What is the Minnesota NIL Law?
The Minnesota NIL law is a bill for an act relating to higher education; allowing student athletes various rights to compensation and representation; proposing coding for new law in Minnesota Statutes, chapter 135A.
When does Minnesota NIL Compliance Start?
Minnesota NIL started on July 1, 2021, per the NCAA Interim Policies. If and when House Bill 3329 is passed into law, Minnesota State NIL laws would take effect on January 1, 2023.
How does Minnesota NIL affect NCAA Student-Athletes?
Minnesota 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 more!
What are Minnesota Name, Image, and Likeness Best Practices?
Both athletes and administrators in the State of Minnesota should start by making sure they have a proper understanding of the rules and regulations set-forth by House Bill 3329. A working-knowledge of the ‘Dos and Don’ts’ for Minnesota 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.
