What is the Vermont NIL Law?
The Vermont NIL law proposes to allow Vermont student athletes to earn compensation from the use of their name, image, or likeness.
When does Vermont NIL Compliance Start?
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.
How does Vermont NIL affect NCAA Student-Athletes?
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!
What are Vermont Name, Image, and Likeness Best Practices?
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.
