MIRAMAR BEACH, Fla. (KBTX) - The state of Texas’ new name, image and likeness (NIL) bill will go into immediate effect after it is signed by Gov. Greg Abbott, thanks to a two-thirds majority vote from the House of Representatives Thursday.
House Bill 126 required the one additional vote from the House after an floor amendment was added in the Senate barring anyone younger than 17 years old from entering into an NIL contract with a university or third-party entity. Had both chambers not reached a two-thirds majority vote, the legislation would have become law on Sept. 1, well beyond the expected approval of the House v. NCAA antitrust case settlement.
“The current law says we can’t do revenue sharing and so I would imagine that would be a significant disadvantage for our football programs