NIL Update: Recent Legislation/Developments Provide New Compensation Opportunities for Student Athletes

While America waits for federal legislation, states, businesses, boosters, and charities are seizing the opportunity to lay the foundation on student athlete compensation. By Tomas Pradia, of Sheppard Mullin On July 1, 2021, the NCAA’s new Name, Image, and Likeness (“NIL”) policy took effect.  The temporary policy allows student athletes to receive compensation for their NIL—an unprecedented rule that opened the door for athletes to receive approved monetary compensation at th