Posted on 09/25/2004 2:54:54 PM PDT by BJClinton
WASHINGTON -- President Bush signed a law Friday establishing tougher penalties for unethical sports agents.
The bill stiffens penalties for agents who lure student-athletes into contracts that compromise their amateur standing and damage the reputations of their schools.
The legislation, which passed by voice vote in the Senate earlier this month, was promoted by Rep. Tom Osborne, R-Neb., a former Nebraska football coach. Osborne said he has seen sports agents illegally use cash and gifts to recruit student-athletes.
The NCAA has rules, and some states have standards, for sports agents, but Rep. Bart Gordon, D-Tenn., principal author of the bill, said they haven't stopped unscrupulous agents from "aggressively pursuing these kids anyway, possibly ruining a chance to compete on the college level and get a degree."
The law bars agents from recruiting student-athletes by giving false or misleading information or providing anything of value to the athlete or his family before entering into a contract.
The agent must also disclose in writing that the athlete may lose NCAA eligibility after signing an agency contract. And the law requires the athlete and the agent to notify the school's athletic director that the athlete has signed a contract so the school does not allow a now-ineligible athlete to play.
Violators would face civil actions by the Federal Trade Commission and state attorneys general. Fines of up to $11,000 a day could be levied for each offense.
FEDERAL law?!
Tom Osborne is a truly great man and a great coach, as fine a leader as was John Wooden.
Yeah, that bothered me, too. Like the FedGov getting involved in draft eligibility earlier this year.
I see him serving 6 year terms in the near future.
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