What is the story about?
After the Save College Sports Act failed to make it to a vote in the US House of Representatives, Senators Maria Cantwell (D-WA) and Ted Cruz (R-TX) reached an agreement on the Protect College Sports Act after months of negotiations. The bill is scheduled for a Senate Commerce Committee hearing today.
According to a summary from D1.ticker, if passed, the bill in part would:
- Codify portions of the House Settlement to grant legal protection to the College Sports Commission (CSC) and the NCAA to enforce revenue sharing caps with athletes and give the CSC power to prevent “phony third party payments” to athletes.
- Leave open the possibility of increasing the rev-share cap.
- Enable enforcement of a one-time transfer rule, with some exceptions.
- Establish a five-year eligibility window for student-athletes.
- Prevent professional athletes from competing in college sports.
- Create an agent registry and limit fees that agents can charge to 5% of an athlete’s income.
- Permit leagues to pool media rights as long as 75% of FBS programs agree with the measure.
- Prevent creation of “super leagues”.
- Restrict coaches from leaving for another job before the season ends.
- Introduce a trust for lower-income athletic departments.
Yahoo Sports’ Ross Dellenger reports that Pac-12 Commissioner Teresa Gould, Notre Dame AD Pete Bevacqua, ESPN College Game Day
host and former coach Nick Saban, and former West Virginia President Gordon Gee will all be witnesses at today’s committee hearing.
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