WHAT IS NIL?

On April 11, 2022, Governor Youngkin signed Senate Bill 223 “Intercollegiate athletics; student-athletes, compensation and representation for name, image, etc.” into law, effective July 1, 2022. The law establishes parameters for the compensation and representation of student-athletes, specifically related to the use of their name, image, or likeness. 

Virginia NCAA Student-Athletes are able to earn compensation for the use of their Name, Image, or Likeness (NIL) through a multitude of different opportunities. Student-Athletes can now make money for things such as endorsements, sponsorships, appearances, autographs, memorabilia, podcasts, camps, clinics, private lessons, crowdfunding, and many other opportunities!