• “Compensation for third-party endorsements related to athletics, without school or conference involvement.”
• “Compensation for other student-athlete opportunities, such as social media, new businesses, and personal appearances, without institutional involvement or the use of trademarks/logos.”
» RELATED: Gene Smith on California athlete compensation bill
The Board of Governors also established guardrails to go along with the new rules:
• “Any compensation received by student-athletes for NIL activities represents a genuine payment for use of their NIL, and is not simply a disguised form of pay for athletics participation.”
• “Schools and conferences play no role in a student-athlete's NIL activities.
• “Student-athletes are not being compensated for uses of their NIL in situations in which they have no legal right to demand such compensation.
• “Schools or boosters are not using NIL opportunities as a recruiting inducement.”
• “The role of third parties in student-athlete NIL activities is regulated.”
• “Modernization of NIL rules does not interfere with NCAA members' efforts in the areas of diversity, inclusion or gender equity.”