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.

Go deeper

Kendall Baker, author of Sports
Aug 5, 2020 - Sports

The return of high school sports hangs in the balance

Data: MaxPreps, Axios research; Cartogram: Andrew Witherspoon/Axios

As local governments go to war over whether high schools can open, the fate of the fall sports season hangs in the balance.

The state of play: The National Federation of State High School Associations has offered a 16-page guide to help states resume athletics, but with so many organizations and school districts involved, there has been little uniformity.

Updated 9 mins ago - Politics & Policy

Ruth Bader Ginsburg will lie in state in Capitol's National Statuary Hall

Photo: Getty Images

House Speaker Nancy Pelosi announced Monday that the late Supreme Court Justice Ruth Bader Ginsburg will lie in state in the Capitol's National Statuary Hall on Friday, making Ginsburg the first woman to ever receive the honor.

The state of play: The Supreme Court also announced Monday that Ginsburg will lie in repose on the front steps of the building on Wednesday and Thursday, allowing the public to pay respects to the late justice outside.

22 mins ago - World

Trump announces new Iran sanctions in effort to maintain international arms embargo

Photo: Anna Moneymaker-Pool/Getty Images

President Trump signed an executive order on Monday that would impose sanctions on any person or entity that contributes to the supply, sale, or transfer of conventional arms to or from Iran or is engaged in providing training and financial support related to those weapons.

Why it matters: The executive order is the first step by the Trump administration to put teeth into its claim that international sanctions on Iran were restored over the weekend, one month after the U.S. initiated the "snapback" process under a United Nations Security Council resolution.