What is the New York NIL Law?
The New York NIL law Relates to enacting the “New York collegiate athletic participation compensation act”; allows student-athletes to receive compensation including for the use of a student’s name, image or likeness; allows student-athletes to seek professional representation; establishes the community college athlete name, image and likeness working group.
When does New York NIL Compliance Start?
New York NIL started on July 1, 2021, per the NCAA Interim Policies. If and when Senate Bill 5891C is passed into law, New York State NIL laws would take effect on July 1, 2022.
How does New York NIL affect NCAA Student-Athletes?
New York 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 New York Name, Image, and Likeness Best Practices?
Both athletes and administrators in the State of New York should start by making sure they have a proper understanding of the rules and regulations set-forth by Senate Bill 5891C. A working-knowledge of the ‘Dos and Don’ts’ for New York 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.