Durbin Issues Statement On Hearing On Name, Image and Likeness, And Future Of College Sports
CHICAGO – U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, today released a statement for the record for the Senate Judiciary Committee hearing entitled “Name, Image, and Likeness, and the Future of College Sports.” Today’s hearing will examine different federal name, image, and likeness (NIL) legislative proposals and seek to establish what is truly in the best interests of college athletes. Durbin said: “College sports is a big business that generates big profits. Over the past 20 years, college sports revenue has grown from $4.3 billion to $16.6 billion—an increase of 400 percent. And that number continues to grow.” “Yet, little of this money has made its way to the athletes who made these record-breaking profits possible. Until recently, NCAA rules not only prevented college athletes from receiving compensation for their participation in sports, they also prohibited those athletes from
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