On July 24th, 2020, Nebraska passed a Name, Image, Likeness (NIL) law for their colleges and institutions. Nebraska was one of the first states to see the legislation go live, as it is effective July 1, 2021. Governor Pete Ricketts signed Legislative Bill 962 allowing intercollegiate student-athletes the ability to earn compensation for the use of their NIL.
Bill
Status
Signed Into Law
Effective
Date
07/01/2021
NCAA
Institutions
31
Estimated
NCAA Athletes
9,300
High School
NIL Legislation
No
Last Updated 08/22/22
This bill was introduced to Nebraska’s Senate in early January 2020, and took a little over six months to pass through the Senate and the House, and ultimately, be signed into law. 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 Nebraska:
The Nebraska NIL Law allows college athletes at Nebraska’s public and private schools to earn money from their name, image, and likeness rights, or athletic reputation. The bill permits athletes to sign with a licensed agent and protects them from retaliation for receiving compensation. If a postsecondary institution or athletic association punishes a student-athlete for pursuing compensation for their name, image, and likeness rights, a student may seek damages and injunctive relief.
Nebraska NIL Compliance started on July 1, 2021, per the NCAA Interim Policies and with the passage of Legislative Bill 962, Nebraska State NIL laws also took effect on July 1, 2021.
?
Nebraska 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!
Both athletes and administrators in the State of Nebraska should start by making sure they have a proper understanding of the rules and regulations set-forth by Legislative Bill 962. A working-knowledge of the ‘Dos and Don’ts’ for Nebraska 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 Nebraska, the following schools will be affected:
D2
D3
NJCAA
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