Even though not all states have passed NIL laws, Florida has passed its own NIL law effective July 1, 2021. The statute permits compensation for the use of an athletes name, image, and likeness provided that compensation is equal to the market value of the name, image, and likeness. This compensation cannot be in exchange for athletic performance, or attendance at a particular school. An athlete cannot request fans send them money via venmo/cashapp/zelle/etc. The law permits an athlete to use an athlete agent or an attorney to represent him or her for the purpose of securing compensation. It even permits minors to contract and be compensated provided they follow Florida law in the approval of such contracts. Generally, an athlete cannot engage in a contract that conflicts with its school team contract, and must disclose the contract to his or her institution. The law also requires that post-secondary institutes provide financial skills workshops for its athletes. For more information on the Florida NIL law, contact an attorney at Bitman, O’Brien, & Morat.