Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
What Could Cause College Athletes to Lose Amateur Status?
Author: Scarinci Hollenbeck, LLC
Date: March 19, 2014
Key Contacts
Back
NCAA Amateurism
Amateurism is one of the most important things to the NCAA. It is why they are so adamant against paying athletes because amateurs don’t receive compensation. College athletes that lose amateur status are no longer able to participate. The following are some situations that could lead to this distinction:
An amateur athlete will lose his or her status if:
- The student-athlete or a family member contacts an agent and comes to a written or oral agreement for representation. Even though representation will not commence until after the athlete leaves school, this is still a violation of NCAA rules.
- The student-athlete receives a salary, reimbursement of expenses or any other financial assistance from a professional sports organization for participating. For example, if an athlete is paid for playing in a professional league overseas, he or she may not be eligible.
- The student-athlete or a family member accepts any type of extra benefits from an agent who wants to represent him or her when they turn professional. This can include anything from money, to a car or an airplane ticket.
- The student-athlete signs a contract to play professional athletics, regardless of its legal enforceability. This also applies no matter if they participate in the league. Simply signing the contract removes the athletes amateur status.
The NCAA is strict with its rules, so there is little leeway when it comes to violating them, especially for amateur status. It seems as though there is at least one of these cases each year in the major sports and it will be interesting to see if anyone who challenges a ruling of the NCAA in the future is able to win.
- Industries: Entertainment & Media
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
What Is Antitrust Litigation Law?
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
Dissolving Your Business: Essential Legal Steps to Protect Your Interests
If you’re considering closing your business, it’s crucial to understand that simply shutting your doors does not end your legal obligations. Unless you formally dissolve your business, it continues to exist in the eyes of the law—leaving you exposed to ongoing liabilities such as taxes, compliance violations, and potential lawsuits. Dissolving a business can seem […]
Author: Christopher D. Warren
The Role of Corporate Restructuring in Mergers & Acquisitions
Contrary to what many people think, corporate restructuring isn’t all doom and gloom. Revamping a company’s organizational structure, corporate hierarchy, or operations procedures can help keep your business competitive. This is particularly true during challenging times. Corporate restructuring plays a critical role in modern business strategy. It helps companies adapt quickly to market changes. Following […]
Author: Dan Brecher
Crypto Enforcement: A Former Prosecutor’s Warning to Criminals and the Public
Cryptocurrency intimidates most people. The reason is straightforward. People fear what they do not understand. When confusion sets in, the common reaction is either to ignore the subject entirely or to mistrust it. For years, that is exactly how most of the public and even many in law enforcement treated cryptocurrency. However, such apprehension changed […]
Author: Bryce S. Robins
Understanding Chattel Paper: A Key Component in Secured Transactions
Using chattel paper to obtain a security interest in personal property is a powerful tool. It can ensure lenders have a legal claim on collateral ranging from inventory to intellectual property. To reduce risk and protect your legal rights, businesses and lenders should understand the legal framework. This framework governs the creation, sale, and enforcement […]
Author: Dan Brecher
Crypto Compliance: A Comprehensive Guide
For years, digital assets operated in a legal gray area, a frontier where innovation outpaced the reach of regulators and law enforcement. In this early “Wild West” phase of finance, crypto startups thrived under minimal oversight. That era, however, is coming to an end. The importance of crypto compliance has become paramount as cryptocurrency has […]
Author: Bryce S. Robins
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.