§7802 Regulation of unfair and deceptive acts and practices in connection with the contact between an athlete agent and a student athlete

Summary

Makes it illegal for a sports agent to recruit a student athlete by lying or making false promises, or by giving the athlete or people close to them money, gifts, loans, or by guaranteeing debts before a contract is signed. An agent also must not sign a contract with false dates. An agent must give a written disclosure to the student athlete (or the parent/guardian if the athlete is under 18) before any contract is signed. The athlete or parent/guardian must sign it first. The signed paper must include a clear warning, in bold near the signature, that hiring an agent could make the athlete lose college eligibility and that both the athlete and agent must tell the school’s athletic director they signed a contract within 72 hours or before the next game or event, whichever comes first.