FL S0646

Authorizes intercollegiate athletes at Florida postsecondary institutions to earn compensation for use of their names, images, or likenesses, provided compensation is market-value based and comes from unaffiliated third parties, not for athletic performance or attendance.

Prohibits postsecondary institutions from adopting rules or contracts that prevent or restrict athletes from earning such compensation, and prohibits institutions and affiliated entities from directly compensating athletes for their names, images, or likenesses.

Allows athletes to obtain representation from licensed athlete agents or Florida Bar members without institutional restriction, and protects grant-in-aid awards from revocation or reduction based on earned compensation or representation.

Requires contracts for athletes under 18 to be approved under Florida law, prohibits compensation contracts from conflicting with team contracts, and limits contract duration to the athlete's period of institutional participation.

Mandates postsecondary institutions conduct a minimum 5-hour financial literacy and life skills workshop for athletes in their first and third academic years, covering financial aid, debt management, budgeting, and time management.