On May 6th, 2021, South Carolina passed a Name, Image, Likeness (NIL) law for their colleges and institutions. Governor Henry McMaster first signed Senate Bill 685 allowing intercollegiate student-athletes the ability to earn compensation for the use of their NIL set to go live, effective July 1, 2022. However, Attorney General Alan Wilson certified the bill on July 1, 2021, making it effective immediately.
Bill
Status
Signed Into Law
Effective
Date
7/01/2021
NCAA
Institutions
26
Estimated
NCAA Athletes
7,800
High School
NIL Legislation
No
Last Updated 08/12/22
This bill was introduced to South Carolina’s Senate in late March 2021 and took less than two months to pass through the General Assembly, 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 South Carolina:
The South Carolina NIL Law is a bipartisan proposal that will allow student-athletes to begin accepting compensation for their name, image and likeness – collectively referred to as NIL.
South Carolina NIL started on July 1, 2021, per the NCAA Interim Policies and with the passage of Senate Bill 685, South Carolina State NIL law also took effect on July 1, 2021.
South Carolina 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 South Carolina should start by making sure they have a proper understanding of the rules and regulations set forth by Senate Bill 685. A working knowledge of the ‘Dos and Don’ts’ for South Carolina 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 South Carolina, the following schools will be affected:
D2
NAIA
NJCAA
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