HB494 Summary

• Prohibits athlete agents and other persons from negotiating or advocating for student-athlete enrollment at educational institutions in exchange for compensation.

• Requires athlete agents to obtain certification from the corresponding professional league players' association if one exists for their sport, or post a $25,000 surety bond if no such association exists.

• Increases initial athlete agent registration fee from $200 to $500 and expands application requirements to include certified identification copies and documentation of professional league player association certification.

• Authorizes the Alabama Athlete Agents Commission to issue letters of reprimand and censure for first violations, suspend licenses for second violations, and permanently prohibit individuals from serving as athlete agents after a third violation.

• Adds representatives from Birmingham-Southern College and Samford University to the Alabama Athlete Agents Commission membership, reducing total members from 18 to 17.