Senate passes College Sports Protection Act

“WASHINGTON (AP) — The Senate passed a sweeping bipartisan bill on Monday that would regulate college sports, an attempt to end “chaos” in an industry that has been upended by skyrocketing athlete payments and near-unrestricted transfers between schools.

The overwhelming 77-22 vote to pass the legislation is the strongest effort yet by Congress to set national regulations governing payments to college athletes for their name, image and likeness and how often they can transfer. It would give the NCAA new authority over those rules and limited antitrust protections to enforce them.

The bill would codify the court settlement, including a revenue cap that allows schools to share up to $21.5 million in revenue with their players. The legislation would more than double that amount for some schools, allowing up to an additional $27.5 million in payments through a retention fund — a change that helped win the support of the two largest conferences, the Big Ten and Southeastern Conference.

To help schools raise more revenue, the bill would give schools and conferences the option of pooling their TV media rights.

The legislation also aims to stabilize the NCAA transfer portal that has led to players constantly switching teams. It would restrict player transfers to one “free” move over five years without sitting out a year, with some exceptions, and also would restrict players to five years of total eligibility

The bill’s future is still unclear. It could face an uphill battle in the House, which failed repeatedly over the last year to get a different version to the floor and is in recess until after the November elections.”