A new bill in Florida's House looks to cut agent fees for college athletes' name, image, and likeness (NIL) earnings down to 5%. Rep. Yvette Benarroch's House Bill 981 takes on the problem of high commissions, which often eat up to 25% of what students make.
The suggested limit matches what's normal in pro sports. NFL, NBA, and MLB keep agent fees between 3-5% for player contracts, though they let agents take more — up to 20% — for endorsement deals.
Some worry this tight limit could hurt smaller schools. Student-athletes at places like North Florida and Florida Atlantic might have trouble finding agents, since they can't make as much money as players at bigger schools.
Unlike professional sports, college athletics doesn't have strong oversight. Right now, agents can work with student-athletes without getting certified or checked out.
College sports faces a big change on July 1. Because of the House v. NCAA settlement, schools can now pay athletes directly — which will change how NIL deals work.
