SB656 Summary

• Replaces the Uniform Athlete Agents Act with the Revised Uniform Athlete Agents Act of 2015, establishing comprehensive registration and regulatory requirements for athlete agents in Oklahoma.

• Requires athlete agents to register with the Secretary of State and pay a $1,000 registration fee; allows unregistered agents a 7-day grace period to register after initial contact with a student athlete, but prohibits signing agency contracts without registration.

• Establishes strict requirements for agency contracts including written signatures, disclosure of agent registration status, fee calculations, warning notices about loss of athletic eligibility, and a 14-day cancellation right for student athletes.

• Mandates athlete agents notify athletic directors within 72 hours of entering contracts with student athletes and prohibits false information, improper inducements, and unauthorized contact with minors; violations constitute misdemeanor offenses with fines of $10,000-$250,000.

• Allows educational institutions and student athletes to sue for damages including actual and punitive damages, and establishes Secretary of State authority to assess civil penalties up to $25,000 per violation.