§7805 Protection of educational institution

Summary

Within 72 hours after signing an agency contract, or before the next athletic event if that comes first, both the athlete agent and the student athlete must tell the school’s athletic director or the person in charge of athletics that the student has a contract. The athlete agent must also give the athletic director written notice of the contract. A school can sue an athlete agent for harm caused by breaking these rules. The school can only recover actual losses and expenses it suffered, including harm from penalties, disqualification, or suspension by a national athletic association or an athletic conference, or from reasonable self-imposed penalties to avoid likely sanctions. The court may award costs and reasonable lawyer fees to the winner. This does not take away other legal rights or defenses.