(1) A postsecondary educational institution shall have the right to, directly or through an agreement with a third party, share a portion of the postsecondary educational institution’s athletics-related revenue with a student-athlete or compensate a student-athlete for his or her publicity rights.
(2) A postsecondary educational institution or any officer, trustee or employee of a postsecondary educational institution shall have the right to identify, create, solicit, facilitate, negotiate, support, assist and otherwise enable opportunities for a student-athlete to earn or attempt to earn compensation for the use of the student-athlete’s publicity rights. Such right shall include, without limitation, the right to discuss with a student-athlete the potential to earn compensation for his or her publicity rights if he or she attends the postsecondary educational institution. Provided that a postsecondary educational institution or any officer, trustee, or employee, of a postsecondary educational institution does not:(a) Receive compensation from the student-athlete for facilitating, enabling, or assisting with such opportunities;(b) Attempt to influence a student-athlete’s choice of professional representation related to such opportunities; or(c) Attempt in bad faith to reduce such student-athlete’s opportunities from competing third parties.
(a) Receive compensation from the student-athlete for facilitating, enabling, or assisting with such opportunities;
(b) Attempt to influence a student-athlete’s choice of professional representation related to such opportunities; or
(c) Attempt in bad faith to reduce such student-athlete’s opportunities from competing third parties.
(3) A third party shall have the right to compensate a student-athlete for the use of the student-athlete’s publicity rights.
(4) Before any agreement with a third party for compensation for the use of a student-athlete’s publicity rights is entered into, and before any compensation is provided to the student-athlete, a postsecondary educational institution may require a student-athlete enrolled at that institution or who has signed an athletics financial aid agreement to disclose the agreement or the terms thereof to a designated official of the postsecondary educational institution in which the student-athlete is enrolled or intends to enroll in a manner prescribed by the institution.
(5) Agreements, or proposed agreements, contemplated by this article and any documents that compile, summarize or disclose any of the terms of such agreements shall be exempt from the Mississippi Public Records Act of 1983.