Why is it important?
Starting Thursday, college athletes can profit from their name, image and likeness (NIL) after previously being banned from doing so under the NCAA's strict amateurism rules. Examples of money-making opportunities include social media posts, endorsements, appearances and autograph sessions.
What's next?
The NCAA is calling this an interim policy and plans to continue working with Congress toward a federal law. But for college athletes, NIL compensation is here to stay. Hamline President Fayneese Miller, chair of the NCAA's Division III Presidents Council, said in a statement, "We are committed to doing more. We need to continue working with Congress for a more permanent solution."
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