HF2363 Summary: Revised Uniform Athlete Agents Act

• Enacts the Revised Uniform Athlete Agents Act (sections 81A.22 to 81A.37) replacing the previous Uniform Athlete Agents Act, establishing comprehensive registration and regulation requirements for athlete agents in Minnesota.

• Requires athlete agents to obtain a certificate of registration from the Commissioner of Commerce, with exceptions for agents responding to athlete-initiated contact if they apply within 7 days; registration is valid for 2 years.

• Mandates agency contracts be in writing, signed by parties, contain specific disclosures including registration status and compensation details, and include a prominent warning that signing may result in loss of athletic eligibility with a 14-day cancellation right.

• Requires athlete agents and student athletes to notify athletic directors within 72 hours of entering into an agency contract or before the next scheduled athletic event, whichever occurs first.

• Prohibits deceptive practices including false statements, providing anything of value to induce contract signing, unregistered recruitment, and requires agents to maintain 5-year records of represented athletes and direct recruitment costs.

• Effective date: August 1, 2018.