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DJ Steward #2 of the Duke Blue Devils dunks the ball during a game against the Louisville Cardinals on March 10, 2021 in Greensboro, North CarolinaPhoto: Jared C. Tilton/Getty Images

The NCAA Division I council recommended Monday that the organization waive a current rule that prohibits college athletes from profiting from their name, image and likeness.

Why it matters: The recommendation still has to be approved by the NCAA's board of governors, which is set to meet on Wednesday. New laws allowing student athletes to profit from their personal brands are set to take effect in at least eight states on Thursday.

  • Similar laws are set to take effect in more than a dozen other states in the coming years, reports the Washington Post.

The big picture: The policy would still maintain rules that prohibit pay-for-play and "improper inducements tied to choosing to attend a particular school," the NCAA noted in the statement.

  • The policy would remain in place until new federal legislation is passed or the NCAA creates new NIL rules.
  • The NCAA added that college athletes will be allowed to employe a "professional services provider for NIL activities" and should report all such activities that are consistent with their state laws and conference rules to their schools.

Go deeper: NCAA president says athletes should be able to get paid starting in 2021.

Go deeper

Kendall Baker, author of Sports
Oct 5, 2021 - Sports

Study: LGBTQ athletes feel accepted by teammates

Illustration: Sarah Grillo/Axios

Athletes who have come out as LGBTQ in high school and college report widespread acceptance from teammates, according to a new study.

By the numbers: More than 95% of the athletes surveyed said their teammates' responses to them coming out were "neutral" to "perfect."

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.