Amends TCA Title 49.
Tennessee SB0536 amends the Tennessee Code Annotated to authorize intercollegiate athletes to receive compensation for the use of their name, image, or likeness (NIL) while maintaining their eligibility for athletic participation. The bill affects intercollegiate athletes enrolled at four-year public or private institutions of higher education in Tennessee and includes provisions for defining compensation, establishing guidelines for third-party representation, and ensuring compliance with state and federal laws. Key changes include the prohibition of agreements that conflict with existing institutional contracts and the requirement for institutions to conduct financial literacy workshops for athletes.
Tennessee SB0536 amends the Tennessee Code Annotated to authorize intercollegiate athletes to receive compensation for the use of their name, image, or likeness (NIL) while maintaining their eligibility for athletic participation. The bill affects intercollegiate athletes enrolled at four-year public or private institutions of higher education in Tennessee and includes provisions for defining compensation, establishing guidelines for third-party representation, and ensuring compliance with state and federal laws. Key changes include the prohibition of agreements that conflict with existing institutional contracts and the requirement for institutions to conduct financial literacy workshops for athletes.
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