There has long been a debate when it comes to college athletes and what kind of compensation they should receive for their work on and off the field or court. The National Collegiate Athletic Association – NCAA – have been big players in this debate, but it looks like they could be backing some momentous changes. This is what the NCAA board has to say about the compensation rule changes.
It seems like the debate over college athletes getting paid has been going on longer than college sports has been a thing! While the teams and schools make a fortune from licensing sales and broadcast rights, very little of this trickled down to the athletes themselves. While being a college athlete can set you up for a future of moneymaking opportunities, not everyone can be picked to make it professionally. Some people dedicate their college lives to a sport, only to find themselves kicked to the kerb once school is over.
Compensation for endorsements and promotions
Luckily, it looks like the NCAA board is finally backing some big changes in compensation rules for college athletes. In a meeting at the end of April, the Board of Governors agreed to some changes that would see these athletes able to make money from endorsements and promotions. This would mean that they could sign sponsorship deals, work on social media campaigns, attend personal appearances, and even run their own businesses. It opens up a wealth of opportunities for these young stars. The only thing they wouldn’t be able to do is use school or conference logos or trademarks.
While there is still a little way to go when it comes to getting these new compensation rule changes signed off, it’s definitely a step in the right direction. Hopefully, we’ll see more college athletes being able to make money very soon.