As Congress considers whether to allow college athletes to receive endorsement money, the Indianapolis-based NCAA and its allies spent at least $750,000 last year lobbying lawmakers to shape any reforms to the organization’s liking.
The Indianapolis-based NCAA took a major step Tuesday toward allowing college athletes to cash in on their fame, voting to permit them to “benefit from the use of their name, image and likeness.”
The Indianapolis-based NCAA’s Board of Governors is urging Gov. Gavin Newsom not to sign a California bill that would allow college athletes to receive money for their names, likenesses or images.
The Indianapolis-based NCAA is facing more than 300 lawsuits from former college football players who claim their concussions were mistreated, leading to medical problems spanning from headaches to depression and, in some cases, early onset Parkinson’s or Alzheimer’s disease.
The NCAA plans to study how the expansion of legalized betting could affect college athletics and member schools. The Supreme Court opened the door for states to have legal wagering on sporting events when it struck down a federal ban in May.