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.
IP Infringement: What Steps Can You Take If You're Affected?
IP infringement occurs when someone uses your intellectual property without your permission or beyond the scope of the permission you granted. Common examples of IP infringement include copying a product’s patented features or using a trademarked logo in a way that is likely to confuse consumers about the source or affiliation of goods or services. […]
Public Allegations, Unfinished Investigation: What New Jersey Businesses Should Do Next
When facing public allegations of wrongdoing, companies should not let the speed of the public conversation dictate the speed of an investigation. An investigation designed to confirm a preferred narrative rather than establish the facts can create serious problems later, particularly if litigation, regulatory scrutiny, or employment claims follow. Key Takeaways When public allegations surface […]
BESS Interconnection: Managing Grid, Cost, and Schedule Risk
For battery energy storage system (BESS) developers, securing equipment and site control is only part of the development equation. A project must also connect to the electric grid, and increasingly, BESS interconnection is one of the biggest sources of schedule, cost, and contractual risk. Key Takeaways This article is Part 3 of our Battery Storage […]
Navigating Director and Officer Liability in Times of Financial Distress
Director and officer liability increases sharply when a company is in financial distress. Decisions that would draw little attention in a healthy business can later be challenged by creditors, shareholders, bankruptcy trustees, and regulators as breaches of fiduciary duty, fraudulent transfers, or oversight failures. Understanding where that exposure comes from, and how to manage it, […]
Before You Buy: Managing Real Estate and Permitting Risk for BESS Projects in New York and New Jersey
For developers pursuing battery energy storage system (BESS) projects, finding the right property is only the beginning. BESS site selection is as much a legal and transactional exercise as a real estate decision, with risk analysis central to the project’s ultimate success. Key Takeaways The core questions for BESS site selection in New York and […]
What Business Owners Get Wrong Before Meeting a Litigation Attorney
What should you expect when meeting a litigation attorney about a business dispute? You should expect to describe the dispute in your own words, hand over the most important documents, flag any deadlines or immediate threats, and leave with a clearer picture of the problem, what information is still needed, and the likely next steps. […]
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!
