Tennessee NIL Law for NCAA
BILL STATUS: Signed into Law
EFFECTIVE DATE: 04/20/2022
NCAA INSTITUTIONS: 25
ESTIMATED NCAA ATHLETES: 7,500
HIGH SCHOOL NIL LEGISLATION: No
Last Updated 08/22/22
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 Tennessee:
What is the Tennessee NIL Law?
As enacted, the Tennesee NIL Law authorizes an intercollegiate athlete at a four-year public or private institution of higher education located in this state (Tennessee), other than an institution of higher education governed by the board of regents of the state university and community college system, to earn compensation for the use of the athlete’s name, image, or likeness under certain conditions.vds
When does Tennessee NIL Compliance Start?
Tennessee NIL started on July 1, 2021, per the NCAA Interim Policies. With the passage of House Bill 1351, Tennessee State NIL laws will take effect on January 1, 2022.
How does Tennessee NIL affect NCAA Student-Athletes?
Tennessee 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 Tennessee Name, Image, and Likeness Best Practices?
Both athletes and administrators in the State of Tennessee should start by making sure they have a proper understanding of the rules and regulations set forth by House Bill 1351. A working knowledge of the ‘Dos and Don’ts’ for Tennessee 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 Tennessee, the following schools will be affected: