Jim Phillips called for restraint and cooperation among schools and conferences during the ACC kickoff event. He highlighted the need for adherence to new restrictions following the House vs. NCAA settlement, which permits schools to allocate up to $20.5 million annually for athlete compensation and enforce oversight on NIL contracts. Phillips stressed the importance of transparency in setting standards and warned against exploiting gray areas that could undermine the structure. He also advocated for federal legislation to reinforce that student-athletes are not employees, reflecting a demand for increased government oversight in college athletics.
Jim Phillips emphasized the need for schools and conferences to exercise "restraint" and "cooperation" as college athletics seeks to establish a sustainable future framework.
Phillips urged adherence to new restrictions stemming from the House vs. NCAA settlement, which allows a substantial $20.5 million in athlete compensation with oversight on NIL contracts.
He stated, "It's about setting up a standard with transparency... Sometimes we can't help ourselves. You can play in the gray area... but that undermines the new structure."
Phillips advocates for federal legislation to confirm that student-athletes are not considered employees, aligning with the necessity for government oversight in the evolving landscape.
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