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College athletes can start cashing in
Published: July 1, 2021 10:23 PM EDT
Updated: July 1, 2021 10:26 PM EDT
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The floodgates have opened for college athletes in Florida and across the country to make money based on their names, images and likenesses, as the first contracts started to be inked Thursday.
A Florida law allowing athletes to receive off-the-field compensation took effect Thursday, after being signed last year by Gov. Ron DeSantis.
Seeing such laws go into effect in Florida and other states, the NCAA on Wednesday adopted a “uniform interim policy” allowing athletes nationwide to profit.
“With the variety of state laws adopted across the country, we will continue to work with Congress to develop a solution that will provide clarity on a national level. The current environment both legal and legislative prevents us from providing a more permanent solution and the level of detail student-athletes deserve,” NCAA president Mark Emmert wrote in a s