JUST IN: NCAA Board of Governors breaks with long-held tradition of forbidding student-athletes from earning income by voting unanimously to allow them to profit from their names, images and likenesses.
The NCAA Board of Governors broke with the long-held tradition of forbidding student-athletes from earning income on Tuesday by voting unanimously to allow them to profit from their names, images and likenesses.
The board's vote came after California Gov. Gavin Newsom signed into law in September a measure allowing college athletes in his state to profit from their names, images and likenesses.Colleges reap billions from student athletes but block them from earning a single dollar. That’s a bankrupt model. The board's action Tuesday was based on"comprehensive recommendations" from the NCAA Board of Governors Federal and State Legislation Working Group, which is composed of university presidents, commissioners, athletic directors, administrators and student-athletes.
"The board's action today creates a path to enhance opportunities for student-athletes while ensuring they compete against students and not professionals," Emmert said in a statement.
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