Tennessee SB1419 amends state laws to support intercollegiate athletes' name, image, and likeness (NIL) initiatives, including revenue-sharing.

Tennessee SB1419 amends state laws to support intercollegiate athletes' NIL initiatives. The bill encourages institutions to secure broadcast rights, create branded merchandise, and host NIL events. It allows institutions to implement a talent fee on revenue streams, with a maximum of 10% of ticket prices. Institutions can establish NIL funds, operate media networks, and provide mentorship programs. A statewide NIL oversight committee is established to monitor NIL activities and resolve disputes.

Tennessee SB1419 amends state laws to support intercollegiate athletes' name, image, and likeness (NIL) initiatives, including revenue-sharing.

Tennessee SB1419 amends state laws to support intercollegiate athletes' NIL initiatives. The bill encourages institutions to secure broadcast rights, create branded merchandise, and host NIL events. It allows institutions to implement a talent fee on revenue streams, with a maximum of 10% of ticket prices. Institutions can establish NIL funds, operate media networks, and provide mentorship programs. A statewide NIL oversight committee is established to monitor NIL activities and resolve disputes.