Division 1 scholarship college athletes are unable to earn money while participating in amateur athletics. However, there are also rules in place that prevent players from turning professional when they so, please>.
This brings up the discussion of whether or not it is fair to athletes that the NCAA prevents college athletes from turning pro to earn money, as they also can’t profit while still in school. The place to start in this conversation is what athletes need to do in order to be eligible for professional leagues – it differs from sport to sport.
Baseball: Athletes can be drafted directly from high school. However, if they choose to go to college, they can’t go pro until after their junior year.
Football: High school football players can not turn professional. All athletes must be removed from high school for at least three years.
Basketball: Athletes cannot be drafted directly from high school. Players must be at least one year removed from high school and be 19 years or older. This means they can either play a year professional overseas or go to college for at least one year.
It wasn’t always this way though – at least in basketball. In the past, high school players weren’t required to go to college. For example, LeBron James was drafted directly from St. Vincent-St. Mary’s in 2003.
There is a chance these rules will be changed in the future for college athletes, but what can college athletes do to protect themselves in the meantime? One of the best options is to secure an insurance policy. Athletes should seek the assistance of a sports attorney to ensure the policy meets their needs. Before this college football season, Louisville quarterback Teddy Bridgewater took out a $10 million insurance policy to protect against injury and future lost earnings.
When a Child Turns 18: The Gap in Your Family’s Estate Plan
Once a child turns 18, parents lose the automatic legal authority to make medical and financial decisions on their behalf, even if the child still lives at home or remains on the family’s insurance. Three documents close that gap: a durable power of attorney, a health care proxy or directive, and a HIPAA authorization. For […]
Business Mediation: An Overview and Practical Tips
Business mediation is a confidential, voluntary process in which a neutral third party helps companies negotiate a resolution to a commercial dispute without going to trial. Because working with a mediator is very different from litigating in the courtroom, it is important to understand how commercial mediation works, when it makes sense for your dispute, […]
Top 5 Causes Leading to Construction Defect Litigation
The five most common causes of construction defect litigation are design defects, substandard materials, workmanship defects, code violations, and subsurface defects. Because these flaws can compromise a building’s integrity, functionality, or safety, they frequently lead to disputes involving multiple parties and high financial stakes. Key takeaways: What is Construction Defect Litigation? Construction litigation is complex, […]
How to Protect Your New Jersey Business When Going through a Divorce
The most effective ways to protect your business in a divorce are put in place before one begins: a prenuptial or postnuptial agreement, clean separation of business and personal finances, and divorce contingencies built into your operating or buy-sell agreements. If divorce is already underway, the priorities shift to establishing how the business is classified […]
The most common franchise disputes involve breach of contract, franchise termination and non-renewal, intellectual property rights, territorial encroachment, royalty and fee payments, franchisor support obligations, and violations of state franchise laws such as the New Jersey Franchise Practices Act. Franchisors and franchisees can often resolve these conflicts by providing written notice detailing the dispute and […]
Reputational Risk and Legal Exposure: Why New Jersey Businesses Must Manage Them Together
New Jersey businesses must manage legal and reputational risk together because modern disputes play out on two fronts at once: the legal proceeding itself and the court of public opinion, where customers, employees, investors, and business partners often reach conclusions long before a judge or jury has had the opportunity to evaluate the facts. Success […]
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.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
