Philly to Introduce NIL Youth Protection, First-In-The Nation Bill

[Disir]

PHILADELPHIA, PA — Philadelphia Councilmember Isaiah Thomas (At Large) will introduce the Philly NIL Youth Protection Act to provide financial literacy and consumer protection for youth athletes with prospective NIL (Name, Image, and Likeness) deals. These deals are already at the collegiate level and are already on their way to high school athletes. With the Philly NIL Youth Protection Act, Philadelphia will lead the nation with this first-in-the-nation set of protections with a proactive approach.

If passed, the Philly NIL Youth Protection Act would provide educational materials on NIL deals to students and their families including information on the likelihood of acquiring a NIL, the benefits as well as risks of a deal, and guidance on the various types of NIL deals. The bill would also establish the creation of the Philly NIL Youth Protection Fund which would equip families of students with prospective NIL deals with a city-vetted lawyer and/or accountant, to assist in navigating and negotiating these deals.

PHILLY TO INTRODUCE NIL YOUTH PROTECTION, FIRST-IN-THE-NATION BILL

Coach and Councilmember, Isaiah Thomas, will put financial literacy and consumer protection at the forefront of Student Athlete NIL deals PHILADELPHIA, PA -- Philadelphia Councilmember Isaiah Thomas (At Large) will introduce the Philly NIL Youth

phlcouncil.com

This is actually a pretty good thing. They may need at least some help in the beginning to navigate through a bunch of crap.