This morning, the NCAA announced that its Board of Governors supports the proposed rule changes to allow college athletes to be compensated for their name, image and likeness. But, what does that actually mean? I spent the morning poring over the 31-page plan, which is chock full of legalese. In short, while the plan has good intentions, there are still a lot of very important details that need to be ironed out.
Here’s what you need to know.
No logos or uniforms in endorsements
Let’s start with the easy stuff. Players may be compensated for third-party endorsements (TV commercials, social media posts, billboards, etc.