U.S Senators Tommy Tuberville and Joe Manchin are trying to make legislation to regulate NIL compensation in college football. On August 3, both Tuberville and Manchin penned a letter to SEC commissioner Greg Sankey. In it, they write that “the arms-race of NIL implementation has already far exceeded the post-Alston intent of ensuring that players are equitably compensated for the use of their name, image, and likeness.”
In the letter, both Tuberville and Manchin go on to say that “A lack of clear, enforceable rules is creating an environment that potentially allows for the exploitation of student-athletes by unregulated entities, prioritizes short-term financial gain over careful investment in one’s career and the lifelong value of education, and diminishes the role of coaches, mentors, and athletic staff while empowering wealthy boosters.”
What this means for NIL
Both Manchin and Tuberville express the desire to create a comprehensive list of NIL regulations. To work towards the goals they stated in their letter, there will likely be stronger repercussions against booster payments to players. Additionally, it would not be surprising to see salary caps. Several coaches in the past have mentioned their concerns with NIL and competitive balance, including Manchin’s friend Nick Saban. Salary caps are a potential solution to fix this concern.
Georgia HC Kirby Smart has said he feels the freshman entering his program are rewarded more than high-performing upperclassmen. Restrictions on high schoolers, or even freshman, making high-value deals would that concern for Smart. It’s also a solution that would appeal to Manchin and Tuberville’s concerns about player exploitation.
In any case, it should be interesting to see the various changes to NIL compensation, and if the players fight back if the regulations become too restrictive.
To read more about Auburn QB TJ Finley’s most recent NIL deals, click here.
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Salary caps on NIL are a pipe dream. Look up ‘limited earnings coach’, the NCAA lost their ass in that lawsuit.