Thursday 1 July 2021 will forever be remembered for the dawn of a new era in US college sports.
Students who participate in National Collegiate Athletic Association (NCAA) competitions are now – for the very first time – entitled to make money from a wide variety of business ventures, without losing their eligibility to compete.
Perhaps the most interesting developments surround what is known as ‘NIL’ rights (name, image and likeness).
A combination of state laws and NCAA NIL policy changes has now removed restrictions preventing athletes from selling their NIL rights.
While these changes do not mean that college football players can suddenly begin to receive big salaries, they do open the door for athletes to claim a bigger piece of the billions of dollars generated by US college sports each year.
However, making money from NIL will not necessarily be straightforward for every student athlete.
There are thousands of nonresident athletes on scholarships at universities around the US.
For many of these international students, it will be advisable to steer clear of NIL income – at least for now – lest they violate the terms of their visa.
In this guide, we will take a closer look at the NCAA rule changes and examine how they affect nonresident athletes in the US.
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