lang="en-US"> NCAA approves interim policy that allows college athletes to monetize – The Sports Cast
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NCAA approves interim policy that allows college athletes to monetize

The NCAA Division I Board of Governors on Wednesday approved an interim policy that allows college athletes to monetize their names, images and likenesses for the first time, a source tells CBS Sports’ Dennis Dodd. This “bridge” waiver comes just one day before the NIL floodgates will be opened in 12 states on July 1.

This waiver is intended to cover athletes nationwide and last until either federal legislation is passed or a more permanent NIL rule can be created by the NCAA. It sets minimal regulations for the new world of college sports, one in which athletes will be able to make money from endorsements, sponsorships and social media, among other avenues.

The approval by the board comes two days after a formal recommendation from the Division I Council. The Athletic’s Nicole Auerbach first reported Wednesday’s decision.

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