Apr 29, 2020 - Sports

NCAA backs allowing college athletes to be paid for names, images and likenesses

Photo: Patrick Smith/Getty Images

The NCAA's Board of Governors announced Wednesday that it supports rule changes that would allow student-athletes to receive compensation for their names, images and likenesses.

Yes, but: Don't expect a free market for student-athletes just yet. While the NCAA cleared the way to support third-party endorsements and other money-making opportunities, like social-media influencing and personal appearances, its announcement still leaves a number of questions moving forward.

  • The NCAA wants to ask Congress to back a federal law that would preempt piecemeal action by states on the issue — and codify that student-athletes aren't university employees.
  • It said that it does not want student-athletes' name, image or likeness to be used to support schools' recruiting or their boosters, which is a provision that could ultimately be impossible to enforce.
  • It also believes there are "legal hurdles" that would prevent student-athletes from making money on licensing for "group products" like video games.

The big picture: California Gov. Gavin Newsom signed a bill into law last September that allowed the state's college athletes to accept endorsement deals by 2023, upending the decades-long precedent set by the NCAA.

What's next: The Board of Governors' recommendations will be submitted to the NCAA's three divisions, which will likely adopt the suggested changes moving into the 2021-2022 academic year.

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

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Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.