FL H7051

Intercollegiate athletes at Florida postsecondary institutions may earn compensation for use of their name, image, likeness, or persona, provided compensation is commensurate with market value and not tied to athletic performance or attendance at a particular institution

Institutions cannot prevent athletes from earning NIL compensation or obtaining representation from licensed athlete agents or Florida Bar attorneys, and cannot revoke or reduce grant-in-aid based on such compensation

Institutions must maintain health insurance covering athletic injuries until full recovery, and disability insurance providing at least $400/month for the first 12 months of total disability and $2,700/month thereafter, with a $25,000 death benefit

Athletes who exhaust eligibility or become medically ineligible due to injury must receive continued grant-in-aid for up to one academic year or five academic years respectively, until completion of undergraduate degree

Institutions must conduct minimum 5-hour financial literacy and life skills workshops at the beginning of athletes' first and third academic years covering financial aid, debt management, budgeting, and time management