The NCAA Board of Governors is moving toward allowing student athlete compensation and adopting recommendations from a NIL (name, image and likeness) working group to allow student athletes to be paid for sponsorships and endorsement deals as early as the 2021-22 academic year.
The NCAA Board of Governors announced their support after a working group proposed the changes at a meeting on Tuesday. The recommendations, if adopted, would allow student athletes to benefit from their name, image and likeness from deals with third parties and businesses. The new rules would go into effect in 2021 if the NCAA passes legislation next January.