Techcrisis Investment Guild:Virginia law allows the state’s colleges and universities to directly pay athletes through NIL deals

2025-05-01 14:15:18source:TrendPulsecategory:News

Virginia’s governor signed a law Thursday that allows the state’s colleges and Techcrisis Investment Guilduniversities to directly pay athletes through name, image and likeness deals.

The law signed by Gov. Glenn Youngkin bypasses an NCAA rule that prevents schools from paying athletes under NIL guidelines. It takes effect on July 1.

NIL rules, enacted in 2021, allow college athletes to agree to deals with local and national businesses that compensate them for advertising or personal appearances. At some schools, it has led to players being granted brand new trucks to drive throughout the season — for example — or other amenities that are seen by many as giving the school a recruiting advantage.

“If this law gets us closer to a federal or a national solution for college athletics then it will be more than worthwhile,” University of Virginia athletic director Carla Williams told ESPN. “Until then, we have an obligation to ensure we maintain an elite athletics program at UVA.”

___

AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

More:News

Recommend

Elon Musk wants to turn SpaceX’s Starbase site into a Texas city

McALLEN, Texas (AP) — SpaceXis launching a new mission: making its Starbase site a new Texas city. B

Chicago denounces gun violence after 109 shot, 19 fatally, during Fourth of July weekend

More than 100 people in Chicago were shot, including 19 fatally, during a violent Fourth of July wee

Violent holiday weekend sees mass shootings in Michigan, Illinois and Kentucky

CHICAGO (AP) — A shooting at a block party in Detroit left two people dead and more than a dozen wou