*President Donald Trump is out to put a cap on NIL (Name, Image, and Likeness) money for college athletes with signing a new executive order.
Sandra Rose reports the pending move comes after the SCORE (Student Compensation and Opportunity through Rights and Endorsements) Act was recently introduced by the U.S. House of Representatives. The SCORE Act is an amended bill that will be used “to promote fair compensation with respect to intercollegiate athletics, and for other purposes.”
Currently unregulated, NIL is noted for offering financial compensation to college athletes by allowing them to license the rights to their name, image and likeness, Sandra Rose mentioned, adding that it is abused by schools that offer the student athletes more money to transfer.
Once the signing is done, federal regulation for deals involving NIL will be possible. The SCORE Act overrules various state laws related to NIL deals.
In addition to Trump, critics of NIL deals include Colorado football coach Deion Sanders as well as legendary coach Nick Saban. For Sanders, the solution to the issue lies with a cap on the money for each school.
“That’s what the NFL does,” the former pro-football legend mentioned. “The problem is, you’ve got a guy that’s not that darn good, and you could give him a half-million dollars, and you can’t compete with that. That don’t make sense.”
Evidence surrounding the debate over NIL money can be found with former Tennessee Volunteers quarterback Nico Iamaleava, who dramatically quit the team in April after his demand for $4 million was rejected.
That same month, the UCLA Bruins stepped on April 20 to offer Iamaleava $2 million to transfer from Tennessee.
The issue especially hits home for Saban. In 2023, he quit coaching the University of Alabama football after complaining the school could not pay athletes as much money as other schools.
Although he left the Crimson Tide in a less-than-ideal situation, Saban, a seven-time national title-winning coach, said if NIL money is regulated, he will return to coaching.
MORE NEWS ON EURWEB: ‘Don’t Let Me Stop You’ – Michael Vick Tells His Norfolk State Players to Leave If Better NIL Offers Come
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