WE WOULD LOVE TO HAVE YOU,
GERRY, THANK YOU VERY MUCH FOR YOUR TIME. >> WELL, THE NCAA'S DIVISION I COUNCIL
LAST WEEK APPROVED GROUNDBREAKING LEGISLATION THAT, IF APPROVED BY THE ASSOCIATION AT LARGE, WILL BRING MONEY INTO
THE POCKETS OF STUDENT-ATHLETES. BILL BENNER HAS MORE IN THIS WEEK'S INSIDE INDIANA SPORTS. BILL.
>> THANK YOU, GERRY. IN PART TO STAVE OFF ACTION - AND LAWSUITS - BY STATES AND INDIVIDUALS, THE
NCAA COUNCIL HAS GIVEN A TENTATIVE GREEN LIGHT TO STUDENT-ATHLETES TO EARN MONEY FROM WHAT'S BECOME KNOWN AS NIL:
NAMES, IMAGES AND LIKENESS. AND JOINING US TODAY TO OFFER PERSPECTIVE ON WHAT IS CERTAIN TO ALTER THE NCAA LANDSCAPE IS
MIKE DECOURCY, LONG-TIME COLLEGE BASKETBALL WRITER FOR THE SPORTING NEWS AND ANALYST FOR THE BIG TEN NETWORK. MIKE,
WELCOME. LET'S START OFF JUST BY GIVING US AS BEST YOU CAN, A CAPSULE OVERVIEW OF NIL AND WHAT THIS
POTENTIALLY MEANS? >> WELL, WHAT IT ENTAILS IS BASICALLY TWO SEPARATE ELEMENTS. ONE IS THE STUDENT ATHLETE-RUN
BUSINESS. ESPECIALLY WITH THE ADVENT OF SOCIAL MEDIA. WE HAVE SEEN ATHLETES WHO HAVE BEEN ABLE TO CREATE YouTube BUSINESSES,
OTHER SOCIAL MEDIA INSTAGRAM TYPE BUSINESSES AND HAVE OCCASIONALLY RUN AFOUL OF NCAA REGULATORS WITH THAT, AND THE
NCAA IN THE NEW LEGISLATION WILL BASICALLY SAY, THAT'S FINE. WE'RE GOOD WITH THAT, GO AHEAD AND DO IT. AND THEN THE SECOND
ELEMENT IS THE ONE THAT SEEMS THE MOST OBVIOUS AND COMMON, WHICH WOULD BE ENDORSEMENTS. AND THAT'S WHERE IT'S A LITTLE BIT
MORE COMPLICATED IN ORDER TO REGULATE. BECAUSE THERE ARE INEVITABLY GOING TO BE CLASHES, CONFLICTS BETWEEN THE STUDENT
ATHLETES' DESIRE TO ENDORSE A PARTICULAR PRODUCT AND PRODUCTS THAT ALREADY HAVE AN EXCLUSIVE ARRANGEMENT WITH THE UNIVERSITY
WHERE THEY ATTEND. SO THAT'S PROBLEMATIC. AND THEN OF COURSE THERE'S THE BOOSTER ELEMENT, AND WHAT INVOLVEMENT CAN THE BOOSTER
HAVE IN INVITING ATHLETES FROM THE SPORTS AND TEAMS THAT THEY LOVE TO ENDORSE THEIR PRODUCTS, OR ENDORSE -- OR DO APPEARANCES
AT THEIR VENUES, THAT SORT OF THING. SO THOSE ARE THE TWO ELEMENTS WHERE ATHLETES ARE GOING TO BE ABLE TO MAKE MONEY.
WE KNOW THAT FOR CERTAIN ATHLETES, THAT'S GOING TO BE A LOT OF MONEY. WE DON'T KNOW EXACTLY HOW WIDESPREAD IT'S
GOING TO BE. BUT I THINK IT'S GOING TO HAVE A REALLY STRONG IMPACT ON HOW COLLEGE SPORTS OPERATE.
>> AND, MIKE, WE MENTIONED, AGAIN, SOME STATES, I BELIEVE CALIFORNIA WAS AT LEAST ONE OF THOSE, WERE EMBARKING ON PASSING
THEIR OWN LEGISLATION THAT REALLY IS KIND OF FORCING THE NCAA'S HAND ON THIS ENTIRE INITIATIVE.
>> YEAH, FLORIDA AND CALIFORNIA, WHAT THEY'VE DONE IS SPED THE PROCESS. THEY HAVE FORCED THE NCAA, I THINK WE WERE GOING DOWN
THIS DIRECTION ANYWAY OVER THE LAST HALF DOZEN YEARS, OR SO, WITH VARIOUS ACTIVISTS PUSHING FOR IT, WITH VARIOUS COURT CASES
THAT LEADING THEM IN THAT DIRECTION. THEN WITH THE STATE -- EXCUSE ME, THE STATE LEGISLATIONS OF CALIFORNIA, AND
FLORIDA IN PARTICULAR, THEY'VE FORCED THE NCAA TO SAY, OKAY, LET'S GET THIS GOING. BUT THEY ALSO HAVE THE ISSUE NOW THAT
THEY'RE PUTTING FORTH A BODY OF REGULATIONS. THEY REALLY NEED THE NCAA -- EXCUSE ME, THEY REALLY NEED THE FEDERAL
GOVERNMENT, THE NCAA DOES. THEY REALLY NEED THE FEDERAL GOVERNMENT TO ADOPT WHAT THE NCAA IS DOING TO SOME EXTENT SO
THAT THEY CAN DO TWO THINGS. ONE, SUPERSEDE THE STATE REGULATIONS, YOU CAN'T HAVE FLORIDA WITH DIFFERENT RULES
THAN CALIFORNIA, AND INDIANA, AND TEXAS, ET CETERA, WHEN THEY'RE ALL TRYING TO PLAY THE SAME SPORTS, SO TO SPEAK, AND
THEN THE OTHER IS THE IDEA THAT -- THE NCAA DOESN'T WANT TO BE SUED BECAUSE THEIR REGULATIONS AREN'T GENEROUS
ENOUGH, OR THAT THEY RESTRICT A PARTICULAR AREA, OR WHATEVER. SO IF THE FEDERAL GOVERNMENT WERE TO LEGISLATE THEN AT THAT POINT
THEY WOULDN'T HAVE TO WORRY ABOUT GETTING SUED EITHER IN THE FUTURE OR FROM PAST ACTORS. >> MIKE, WE THINK ABOUT DIVISION
ONE MEN'S BASKETBALL AND FOOTBALL. THE REVENUE OF PRODUCING SPORTS. BUT FOR OLYMPIC ATHLETES, THIS COULD BE
BENEFICIAL FOR THEM. >> YEAH, ESPECIALLY OLYMPI LEVEL ATHLETES, NOT JUST THOSE WHO ARE IN WHAT'S CLASSIFIED AS
OLYMPIC SPORTS BECAUSE THEY DON'T WANT TO CALL THEM NON-REVENUE SPORTS. BUT FOR THOSE WHO ARE AT THAT LEVEL,
LIKE A LILLY KING, LIKE A KATIE LEDECKY. PLAYERS -- AND ATHLETES WHO ARE EXTRAORDINARY IN THOSE SPORTS, WILL BE ABLE TO DO VERY
WELL. KATIE LEDECKY, AND I'M SURE LILLY AS WELL, I THINK KATIE MADE LIKE $355,000 IN GOLD MEDAL BONUSES FROM THE OLYMPIC
COMMITTEE, AND SHE WAS ALLOWED TO KEEP THAT. AND I WOULD IMAGINE THAT LILLY PROBABLY DID WELL THERE, TOO, SHE WAS SO GOOD
IN 2016. BUT I THINK THOSE ATHLETES WILL DO REALLY WELL. THE QUESTION IS WILL ANY OF THIS GET DOWN TO THOSE WHO ARE NOT AT
THE ELITE LEVEL. >> MIKE, WE HAVE TO WRAP UP. THIS GOES BEFORE THE ENTIRE NCAA AT ITS CONVENTION IN JANUARY. I
ASSUME THAT THERE'S NO DOUBT THAT IT WILL BE PASSED AT LEAST IN SOME FORM. >> YES, NO DOUBT IT WILL BE
PASSED IN SOME FORM. I THINK THEY'RE STILL GOING TO WRESTLE A LITTLE BIT, THIS IS WHAT THEY CALL THE COMMENT PERIOD. SO ANY
SUGGESTIONS THAT ANYONE HAS FROM THE MEMBERSHIP TO TWEAK IT, NOW IS THE TIME. AND THEN THEY'LL VOTE ON IT IN JANUARY, AND IT
WILL BE APPROVED, THEN THEY'RE HOPING THAT THE FEDERAL GOVERNMENT CAN JUMP ON THIS MAYBE IN THE SPRING SO THAT WHEN
FLORIDA COMES -- THEIR LEGISLATION COMES ONLINE IN JULY, THEY'D LIKE TO HAVE IT, I THINK, A FEDERAL LAW, A NEW
FEDERAL LAW, THAT WOULD SUPERSEDE THAT BY THEN. >> MIKE DECOURCY, THE SPORTING NEWS AND THE BIG TEN NETWORK, WE
APPRECIATE YOU TAKING THE TIME TO JOIN US, BY THE WAY, FOLLOW THIS GUY ON TWITTER. HE'S A REALLY GOOD READ AND A VERY