In a new story from the Associated Press, we learn the Power Five conferences have written some big checks for lobbyists to influence Congress on new legislation regarding college athletes getting paid. In fact, the major conferences spent $350,000 in the three 2020 months before the coronavirus tore everything down, more than had been spent in any year in the past.
SEC commissioner Greg Sankey provided quotes for the AP’s story on this major lobbyist investment, but the more interesting news is the list of their “core principles” for athlete compensation:
They include: a requirement for “one term of academic progress” before athletes can sign endorsement deals; a ban on athlete deals with “advertising categories inconsistent with higher education”; and limits on who can advise athletes on third-party contracts to prevent “unscrupulous actors.” (AP)
This a glimpse of what the Power Five wants to be in the bill, and it should come as no surprise they want some major limitations. As for how it pertains to Kentucky, the one-and-done basketball stars that fly through UK’s campus will need to complete at least a semester (summer count?) before earning any money as a student-athlete.