United States: NCAA drafts new constitution recognizing NIL student-athlete rights
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What a difference just a few months make. Time passes from oppressive heat to freshness and freshness. The leaves turn from a healthy bright green to all kinds of reds, yellows and browns as they cling precariously to trees before floating down to the ground. And the National Collegiate Athletic Association (NCAA) is drafting a new constitution that in fact recognizes that a student-athlete can market their own name, image, and likeness. It would have been unthinkable earlier this year, that is, until the Supreme Court of the United States unanimously ruled in NCAA v. Alston that the non-monetary benefits of education (and, by extension, name, image and likeness restrictions) violated antitrust laws. Indeed, Judge Neil Gorsuch could just as easily have been the author of this draft NCAA constitution as his written guidelines for the Court, referencing exactly what the NCAA apparently decides to do (albeit out of necessity) – delegate regulatory power to its member conferences and universities. Of course, the delegation itself is a blow to the public, as few good things come to mind in recent history that the NCAA has actually done on its own. All this to say that NIL is not going anywhere anytime soon.
Aren’t you going anywhere anytime soon? The “Spotlight” and yours truly. So for now, let’s check out what you should know about this week.
- Former heavyweight champion boxer Mike Tyson returns to the cannabis industry ring, launching a new brand that is sure to make you smoke yourself like a “Bolivian”.
- Green Bay Packers quarterback Aaron Rodgers is sacked by a sponsor of a health insurance company after publicly questioning the virtues of COVID-19 vaccines and the National Football League’s public health measures. Apparently not great for business.
- In the wake of the Astroworld tragedy in Houston, Texas, and as we begin to get answers to some questions – each more troubling than the next – a question from a business and marketing perspective is to find out how, if at all, the event will affect its organizer, Travis Scott in the eyes of fans and brands alike.
- Bruce Springsteen and David Bowie become the latest music icons to see their song catalogs go on sale and rack up purchase prices in the hundreds of millions of dollars. Now, this is something that “Dancing in the Dark” is about without the feeling of being “Under pressure” from bill collectors.
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