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FL S0630
Bill
AI Summary
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Requires athlete agents to be licensed individuals (not entities) as either professional athlete agents or limited athlete agents, with professional agents needing certification from national sports associations like the NFL Players Association, NBA Players Association, MLB Players Association, NHL Players Association, or US Soccer Federation.
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Mandates athlete agents deposit surety bonds of $50,000 before contacting student athletes and $100,000 before providing financial services, with bonds maintained for at least 2 years after ceasing services or license expiration/revocation.
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Prohibits athlete agents from offering or furnishing anything of value to student athletes or their relatives before the student completes their last intercollegiate sports contest; violations constitute a third-degree felony if intentional or knowing.
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Establishes that agent contracts with student athletes in sports affiliated with national professional sports associations are void if negotiated by limited-license agents, and allows contracts to conform to national sports association-approved forms.
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Requires athlete agents to notify the Department of Business and Professional Regulation within 30 days of criminal conviction or decertification by a national professional sports association, with mandatory license revocation upon such notification.
Legislative Description
Athlete Agents
Last Action
Died in Regulated Industries
3/9/2012