Student athletes: contracts.

Existing law, the Miller-Ayala Athlete Agents Act, regulates various activities of an athlete agent in representing student athletes and professional athletes, including contact with athletes, contract negotiations, and required disclosures with the Secretary of State. Existing law removes an individual's status as a student athlete, if they enter into a valid agent contract, a valid endorsement contract, or a valid professional sports services contract. Existing law prohibits an athlete agent or their representative from offering or providing money or any other thing of benefit or value to a student athlete. This bill would authorize a student athlete to enter into a contract with an athlete agent without losing their status as a student athlete, if the contract complies with the policy of the student athlete's educational institution and the bylaws of the National Collegiate Athletic Association and includes a provision that the contract terminates if the student chooses to not seek employment with a professional sports team or organization as a professional athlete, and instead returns to school. The bill would authorize an athlete agent or their representative to offer or provide money or any other thing of benefit or value to a student athlete if it is authorized and complies with the policy of the student athlete's educational institution and the bylaws of the National Collegiate Athletic Association. This bill would require an athlete agent who provides money or any other thing of value to a student athlete to file an itemized report of those payments with the athletic director, or their designee, of the student athlete's educational institution or the educational institution where the student athlete intends to enroll, as specified.