The law won't go into effect until July 2021. By then, both the NCAA and Congress could have rules or legislation in place to lift restrictions on college athletes being paid for the use of their names, images and likenesses.
Florida is the third state, joining California and Colorado, to pass an NIL law targeting current NCAA rules that restrict college athlete compensation.
“I just want to say Florida is leading on this and if you’re a blue-chip high school recruit out there trying to figure out where to go I think any of our Florida schools is a great landing spot," DeSantis said at a signing ceremony and news conference at the University of Miami in Coral Gables. He was joined by former NFL players Jonathan Vilma, who played at Miami, and Corey Simon, who played at Florida State.
Florida's law increases the urgency for the NCAA to act because it goes into effect 18 months earlier than California's and Colorado's. About two dozen more states are working on similar legislation.
The NCAA's board of governors signed off in April on recommendations to allow athletes access to a free market — with “guardrails” — while also emphasizing that it will need help from Congress to avoid a patchwork of state laws. The NCAA wants its own legislation ready for a vote in January.
Federal lawmakers have expressed concerns about the NCAA's desire and ability to regulate NIL compensation. They have also said an antitrust exemption for the NCAA is unlikely, but they could move on national NIL legislation later this year.