NY Senator Writes Bill to have Colleges Pay Athletes 15% of Annual Revenue

 

Reported by ESPN, NY Senator Kevin Parker has added an amendment to a bill that would require colleges to pay student-athletes using a 15% share of the college's annual revenue.

Parker said he modeled his initial proposal after California's Fair Pay to Play Act, which passed the state's assembly and senate with unanimous votes earlier this month. The California bill would make it illegal for colleges in that state to take away an athlete's scholarship or eligibility as punishment for accepting endorsement money. California Gov. Gavin Newsom will decide sometime in the next month whether to sign the bill into law.

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