- June 14, 2021
- Posted by: Stratford Team
- Category: Business
In this 2019 file photo, the Texas Longhorns take on Louisiana State University at Darrell K. Royal-Texas Memorial Stadium. A bill in front of Gov. Greg Abbott would allow collegiate athletes at UT and other universities around the state to profit off their names, images and likenessess. (Jack Flagler/Community Impact Newspaper)
Fans of the University of Texas athletics programs may not notice a major difference on the field this fall, but the college sports business model at UT and universities around the country is preparing for a shift.
A bill that passed both chambers of the Texas Legislature and went to the desk of Gov. Greg Abbott June 1 would allow athletes to receive payments for their names, images and likenesses, or NIL, in a move state lawmakers say is an attempt to keep up with the shifting tides of athletic recruiting nationwide.
Senate Bill 1385, authored by state Sen. Brandon Creighton, R-Conroe, would not allow athletes to be paid…