logo
Arkansas Name, Image, Likeness raffle bill fails in committee

Arkansas Name, Image, Likeness raffle bill fails in committee

Yahoo13-02-2025

LITTLE ROCK, Ark. – A bill for funding student-athletes failed in committee on Wednesday afternoon.
House Bill 1044 would have allowed higher education or affiliated non-profits to hold raffles on game day to fund scholarships or pay athletes for using their name, image or likeness (NIL).
Additional Arkansas constitutional amendments filed in legislature
Typically, institutions hold a 50/50 raffle on gameday, where 50% of the proceeds go to the person holding the winning ticket, and 50% goes to the institution. Testimony during the House Rules Committee meeting was that universities planned to use an app on game day to support the raffle.
Testimony against the bill included that from a representative of Saracen Casino, which had earlier offered to conduct NIL raffles through its app. In September, Saracen Casino officials proposed to state gaming officials that it could implement a 50/50 NIL online raffle, arguing that it would stop illegal offshore casinos from offering the raffles, raising Arkansas tax revenue.
Bill filed in Arkansas legislature to allow NIL 50/50 raffles by colleges, universities
The Arkansas Racing Commission did not entertain Saracen's proposal.
Oaklawn Casino officials opposed implementing NIL raffles since Saracen's NIL model included iGaming, such as online slot machines.
Fluoride bill fails in Arkansas Legislature committee
In 2021, the U.S. Supreme Court ruled in favor of using NIL for student-athletes to make money while playing for a school. Previously student-athletes were not allowed to be paid, which the court felt was outdated in making its ruling.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Colorado's Rick George Reacts to House Settlement Approval
Colorado's Rick George Reacts to House Settlement Approval

Yahoo

time8 hours ago

  • Yahoo

Colorado's Rick George Reacts to House Settlement Approval

Colorado's Rick George Reacts to House Settlement Approval originally appeared on Athlon Sports. Colorado athletic director Rick George has been at work in anticipation of the House settlement for 'nearly a year'. In a letter to the fanbase and other concerned parties, he outlined the three primary aspects of the ruling by Judge Claudia Wilken that most directly affects the athletic programs at Colorado. Advertisement Revenue Sharing The $20.5 million per university revenue sharing was something that had been discussed for some time now. Each program will have the ability to pay players directly within a revenue share that is proportional to the revenue that sport generates. George stipulated that each student athlete will have an opportunity to participate in the revenue sharing to some degree, if they so choose. In an interesting admission, George maintains that while universities are not required to spend that full $20.5M, CU intends to 'fully meet the $20.5 million dollar responsibility'. Third Party NIL In addition to revenue sharing, individual student-athletes will still have the ability to enter into NIL agreements with businesses separate from the university's revenue sharing. This is a good time to mention Shedeur Sanders' NIL valuation vs brand deals as an example. A significant portion of his earnings from 2024 specifically dealt with brands like Gatorade, Beats by Dre, and KFC. This provision allows for higher-profile earners like perhaps someone like Texas QB Arch Manning to supplement his earning potential with outside business deals. As of now, Colorado doesn't have a high-end seven figure earner. Advertisement Roster Limits Roster limits might be an interesting aspect to track. Scholarship limits have now been replaced by roster limits. Scholarship limits created a bit of a grey area. 'Our approach is to be mindful of our responsibilities as outlined by the settlement and mandated by Title IX,' George said. As for potentially 'grandfathering roster spots that have been removed, CU will explore those on a case-by-case basis. Related: Lil Wayne Sends Clear Message to Deion Sanders in Tha Carter VI Future Positioning Deion Sanders has been the most vocal of the CU head coaches when it comes to what they offer prospective student-athletes and what they don't. 'We want players interested in the NFL not the NIL.' Coach Prime has often said they don't promise anything but an opportunity to play football and earn a quality education. Prime has maintained if players handle business on the field and in the classroom, the money part will take care of itself. Now that Brian Seeley will head up the College Sports Commission following the settlement, programs now have a structure and blueprint to follow. Hopefully leading to a governed system with oversight. Advertisement Related: Deion Sanders' Cryptic Three-Word Message Comes After Publicizing Health Setbacks Fan or Community involvement George also made sure to include how fans and local businesses can contribute to funding a better program under these new guidelines. Anyone can contribute to the 'Buff Club' directly and any interested businesses are encouraged to contact the CU NIL Department to explore additional ways to enhance their brand through deals. Revenue sharing with the players will start on July 1. This story was originally reported by Athlon Sports on Jun 8, 2025, where it first appeared.

EA Sports to Use Pay-for-Play Incentives for College Teams
EA Sports to Use Pay-for-Play Incentives for College Teams

Yahoo

time9 hours ago

  • Yahoo

EA Sports to Use Pay-for-Play Incentives for College Teams

EA Sports to Use Pay-for-Play Incentives for College Teams originally appeared on Athlon Sports. If you're tired of watching your favorite college team struggle financially in the NIL era, here's your chance to help by simply picking them in College Football 26. Advertisement EA Sports is rewriting the NIL playbook. For the first time ever, schools will be paid based on how often they're used in the game. Gone are the static royalty tiers. Now, fan engagement equals real revenue. Here's how it works: Every time someone plays a game with their favorite FBS team, it counts toward that school's share of the royalty pool. The more your squad is played, the more money your university makes. 'This percentage of games played will become the final allocation percentage for each school that will be applied to the total gross royalties,' one FOIA document reads. Take a hypothetical $5 million royalty pool. If 1% of College Football 26 games are played using Colorado, that's a $50,000 payout to the Buffaloes, just for being popular. Advertisement This pivot marks a huge departure from the 2024 model, which paid schools based on their finishes in the AP Top 25 over the last decade. Under that system, elite Tier 1 schools earned close to $100,000. Tier 4 schools? Just $9,987. Now, even underdog programs like Akron or Coastal Carolina can cash in if fans show up for them in-game. With more than 1.7 billion streams of College Football 25, the potential is massive. And schools aren't the only winners. Players who appeared in last year's edition earned $600. This year? Up to $3,000 per athlete, thanks to dual deals from EA and Pathway Sports. While players don't get royalties based on gameplay, schools do, which could loop back into NIL funds for star players. In College Football 26, fans directly shape the NIL landscape. Every pick matters. Every game counts. And for once, your favorite team's financial future might be in your hands, literally, on the sticks. Advertisement Related: Michigan Running Back's Groundbreaking NIL Deal Redefines College Football Related: Kentucky Basketball Beats Cap Proposal With NIL Power Play This story was originally reported by Athlon Sports on Jun 7, 2025, where it first appeared.

How the NCAA House Ruling Could Reshape UNC Basketball
How the NCAA House Ruling Could Reshape UNC Basketball

Yahoo

time9 hours ago

  • Yahoo

How the NCAA House Ruling Could Reshape UNC Basketball

How the NCAA House Ruling Could Reshape UNC Basketball originally appeared on Athlon Sports. It was only recently that North Carolina basketball made headlines for its jaw-dropping $14 million NIL investment. This was a bold, unapologetic declaration that the Tar Heels were all-in on winning in the new era of college athletics. Advertisement Now, the rules have changed. With the formal approval of the House v. NCAA settlement on Friday night, UNC's strategy may be headed for a sudden and dramatic shift. The landmark decision not only ends years of litigation over athlete compensation but institutes a new framework that directly impacts how powerhouse programs like North Carolina do business. At the heart of it: a $20.5 million revenue-sharing cap that schools must now work within to fund all sports. And while outside NIL deals will still be allowed, the days of uncapped internal payouts, like the $14 million reportedly earmarked for Tar Heel hoops are likely numbered. So what does this mean for Carolina? Advertisement First, the math gets tighter. With football still a major university priority under new leadership, including front office veteran Bill Belichick, UNC will need to divvy up its share of the revenue cap carefully. Allocating most of it to men's basketball risks starving its football program at a time when it's chasing relevance in a competitive ACC landscape. Second, scrutiny rises. Under the new model, all NIL deals over $600 must pass through a clearinghouse to ensure they reflect fair market value and serve a legitimate business purpose. That oversight will test the creativity and legality of every booster-backed opportunity. Still, don't count UNC out. The Tar Heels boast a national brand, an NBA pipeline, and a roster of former players turned moguls ready to support current athletes through legitimate NIL opportunities. Those advantages don't disappear under the House ruling, they just need to be leveraged with precision. UNC head coach Hubert Davis in discussion with a referee.© Bob Donnan-USA TODAY Sports With a top-15 recruiting class inbound, transfers like 7-foot Arizona product Henri Veesaar, and international guard Luka Bogavac joining the fold, UNC remains a destination. But sustaining that momentum under tighter financial and regulatory conditions will require smarter spending, shrewder deals, and a more integrated athletic department than ever before. Advertisement The College Sports Commission, helmed by former MLB executive Bryan Seeley will enforce the new cap and audit programs that exceed it. That means every dollar spent in Chapel Hill now comes with risk. The Tar Heels helped define college basketball's past. Whether they can dominate its future will depend not just on their talent—but on their ability to adapt. Related: Former Top NBA Pick Speaks Out on NIL's Impact on Culture Related: EA Sports to Use Pay-for-Play Incentives for College Teams This story was originally reported by Athlon Sports on Jun 8, 2025, where it first appeared.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store