On May 28th, 2020, Oklahoma passed a Name, Image, Likeness (NIL) law for their colleges and institutions. Oklahoma will see the legislation go live, effective in the fifth academic year following the date of enactment. Governor Kevin Stitt signed Senate Bill 48 allowing intercollegiate student athletes the ability to earn compensation for the use of their NIL.
Bill
Status
Signed Into Law
Effective
Date
6/1/2023
NCAA
Institutions
15
Estimated
NCAA Athletes
4,500
High School
NIL Legislation
No
Last Updated 08/12/22
This bill was introduced to the Oklahoma Senate in early February 2021, and took a little under four 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 Oklahoma:
The Oklahoma NIL Law, also known as the “student-athlete name, image and likeness rights act”, centers on allowing student-athletes to be paid for their name, image, and likeness.
Oklahoma NIL started on July 1, 2021, per the NCAA Interim Policies and with the passage of Senate Bill 48, Oklahoma State NIL laws will take effect in the fifth academic year following the date of enactment.
Oklahoma 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 Oklahoma should start by making sure they have a proper understanding of the rules and regulations set-forth by Senate Bill 48. A working-knowledge of the ‘Dos and Don’ts’ for Oklahoma 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 Oklahoma, the following schools will be affected:
D2
NAIA
NJCAA
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