Big Ten institutes $49 million NIL cap ahead of Protect College Sports Act

The Big Ten has instituted a $49 million cap on NIL spending for its member institutions in anticipation of the Protect College Sports Act, effective immediately. This limit is designed to align with the anticipated legislative framework surrounding NIL payments to athletes, and any breaches of the cap will incur financial penalties. The initiative allows athletes to engage in third-party NIL agreements independently. The Senate passed the Protect College Sports Act in September, but it is still awaiting a House vote, which is scheduled for after November 9. The Big Ten aims to support its institutions in budgeting and compliance as they approach the signing period and transfer portal windows.

• 7:14 PMYahoo Sports — Big Ten institutes $49 million NIL cap in anticipation of Protect College Sports Act