MI HB4844

Expands the prohibition on preventing student athlete compensation to include a new subsection (c) that allows students to earn compensation from third parties for name, image, or likeness rights, provided contracts do not require in-person advertising during official mandatory team activities.

Modifies Section 7 to establish a $1,000.00 threshold for disclosure requirements, so students only need to disclose name, image, or likeness opportunities or contracts valued at $1,000.00 or more to their institution.

Adds new provisions to Section 10 allowing postsecondary institutions and their staff to identify or assist with student athlete compensation opportunities from third parties, subject to five restrictions including prohibitions on serving as an agent, receiving compensation, influencing agent selection, reducing competing opportunities, or attending contract negotiations.

Requires non-public community college institutions to provide free financial literacy, brand management, and entrepreneurship programming to student athletes, including instruction on debt management, contract law, and sports marketing; permits public community colleges to provide such information upon student request.

Clarifies that the act does not require institutions to create compensation opportunities, does not grant students rights to use institutional intellectual property, and does not limit institutional authority over academic standards, team conduct rules, athletic governance, or student disciplinary standards.