On January 21, 2020, Vermont introduced a Name, Image, Likeness (NIL) law for their colleges and institutions. Although the bill has not successfully made its way through the House & the Senate, nor has it received Governor approval, it has a tentative effective date of January 1, 2023. If passed, State Bill S.328 will allow intercollegiate student-athletes the ability to earn compensation for the use of their NIL.
Bill
Status
Signed Into Law
Effective
Date
01/01/2022
NCAA
Institutions
07
Estimated
NCAA Athletes
2,100
High School
NIL Legislation
No
Last Updated 01/01/2022
This bill was introduced to Vermont’s Senate in late-January 2020, and is still in the process of being turned into a law. The following components have been proposed by 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 Vermont:
The Vermont NIL law proposes to allow Vermont student athletes to earn compensation from the use of their name, image, or likeness.
Vermont NIL started on July 1, 2021, per the NCAA Interim Policies. If and when State Bill S.328 is passed into law, Vermont State NIL laws would take effect on July 1, 2022.
Vermont 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 Vermont should start by making sure they have a proper understanding of the rules and regulations set-forth by State Bill S.328. A working-knowledge of the ‘Dos and Don’ts’ for Vermont 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 Vermont, the following schools will be affected:
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