College Athletes Profit: Gov. Greg Abbott signs bill to law

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Gov. Greg Abbott on Monday signed a Senate bill that will allow college athletes in the state to earn compensation for use of their name, image and likeness as Texas became the 19th state to pass such landmark legislation.

The House had approved by a 117-27 vote Senate Bill 1385 authored by Brandon Creighton, R-Conroe, that was designed to keep the state in step with a nationwide movement by state legislatures to allow student-athletes to profit off their own names.

The Senate originally passed the bill by a 28-2 vote.

The Texas law will take effect on July 1, the same as five other states (Alabama, Florida, Georgia, Mississippi and New Mexico).

Arizona’s law takes effect on July 23.

The laws in Arkansas, Tennessee and Nevada begin on Jan 1, 2022.

In South Carolina and Michigan, athletes can take advantage of the state laws, starting later in 2022.

Athletes in California and Colorado can profit off their NIL starting in January 2023.

Those in Montana and Maryland will have that same ability later that year, and New Jersey’s law takes effect in 2025.

Oklahoma and Nebraska have laws that would be in effect no later July 1, 2023.

Bills in Illinois, Louisiana, Connecticut and Missouri are awaiting their governors’ signatures.

Krause was adamant that the bill was necessary to keep Texas in step with other states on the legislation, fearing a failure to pass the bill would harm recruiting for in-state schools.

Included in the bill are stipulations that athletes be paid “fair-market value” for their services and use of their name, image and likeness.

Athletes would be able to be paid for everything from promotional appearances to product endorsements to autograph sessions and training sessions.

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