Texas Gov. Greg Abbott Signs New NIL Bill Into Law

“Unless a prospective student-athlete younger than 17 years of age is enrolled at an institution of higher education, an individual, corporate entity, or other organization, including an institution to which this section applies, may not enter into an arrangement relating to the athlete’s name, image, or likeness with the athlete or with an individual related to the athlete by consanguinity or affinity,” the law states.

Under the House v. NCAA settlement, schools will be able to pay athletes up to $20.5 million starting in 2025-26, the first school year of a 10-year agreement. Schools will also be able to participate in revenue sharing.

Recently, Aggies head football coach Mike Elko shared his criticism of the House v. NCAA settlement, though he mostly took issue with the timing of the whole ordeal.

I couldn’t imagine an NFL team getting halfway through the offseason and deciding to change their salary cap rules,” Elko said. “That’s what I guess we’re doing.”

“What are the professional models, and what do they seem to look like? It certainly seems as though free agency happens once, not twice, and it happens right after the season before you start practicing. That seems to be the landscape for every single professional league across the world. So why we believe that that should not be how this works, it is hard to get your head wrapped around."