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arch80

Joined: 12/25/2009 Posts: 8488
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NIL Law in the Commonwealth of Virginia


This is the legislation as passed by the Commonwealth of Virginia

The link below gives a state by state listing of state laws regulating NIL and a map of the USA which shows which states have laws and which don't as of November 2021

On Aug. 10, 2021, Virginia Governor Ralph Northam passed House Bill (HB) 7001 as part of the budget proposal. The NIL law took effect immediately.

Public and private institutions of higher education in Virginia are prohibited from:

Providing a prospective or current student athlete with compensation for the use of his or her NIL
Preventing a student athlete from earning compensation for the use of his or her NIL
Prohibiting a student athlete from obtaining professional representation by an agent athlete or legal representation by an attorney
Affecting athletic scholarship because a student athlete earns NIL compensation

An institution may prohibit a student athlete from earning NIL compensation:

While the individual is engaged in academic, official team or department activities
If the proposed use of NIL conflicts with an existing agreement between the institution and a third party
If the use is in connection with any of the following:
- Casinos or gambling, including sports betting
- Alcohol products
- Adult entertainment
- Cannabis, cannabinoids, cannabidiol (CBD) or other derivatives
- Dangerous or controlled substances
- Performance-enhancing drugs or substances (e.g., steroids, human growth hormones)
- Drug paraphernalia
- Tobacco and electronic smoking products and devices
- Weapons, including firearms and ammunition

Student athletes may not:

Earn compensation in exchange for attendance at an institution or pay-for-performance
Use an institution’s facilities, uniforms or intellectual property, including logos, indicia, registered and unregistered trademarks unless otherwise permitted by the institution

Student athletes must disclose NIL agreements prior to execution and in a manner designated by the student athlete’s institution.



[Post edited by arch80 at 12/16/2021 8:09PM]

(In response to this post by 4thosehokies)

Link: Link to state NIL laws


Posted: 12/16/2021 at 8:07PM


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Current Thread:
 
  Is VA at a disadvantage WRT NIL deals in other states ? -- 4thosehokies 12/16/2021 09:11AM
  NIL Law in the Commonwealth of Virginia -- arch80 12/16/2021 8:07PM
  VT or even UVA not going ot go that way.... -- Mercury 12/16/2021 4:20PM
  I think VT is at a disadvantage... -- BuffaloTraceHokie 12/16/2021 11:46AM
  Have you ever been to Alabama? It's not a hotbed of industry. This is far -- JLuge76 12/16/2021 10:46AM
  Yes because VA doesn't care as much about college football -- soflahokie 12/16/2021 10:38AM
  What's is specifically unfair? ** -- BROman Hokie 12/16/2021 10:21AM
  Good question. It's not like this is Montana.** -- reestuart 12/16/2021 10:28AM
  That dental floss tycoon money is no joke though. ** -- hokeeron1 12/16/2021 11:01AM
  I would like to have seen Montana. ** -- reestuart 12/16/2021 11:44AM
  State to state. No papers. ** -- hines495 12/16/2021 9:19PM
  Saw him in , of all places , Charleston Civic Center... -- hokeeron1 12/16/2021 2:46PM
  Guess we should set up non-profits set up to funnel cash to our guys too. ** -- EDGEMAN 12/16/2021 09:45AM
  Churches are the way to go! ** -- NokieHokie 12/16/2021 10:07AM
  I liked it better when everyone just handed out bagged cash ** -- whatIpostlike 12/16/2021 09:47AM

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