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State governments, especially in SEC footprint, relaxing their rules on NIL

It started with the state of Alabama, which repealed its NIL law in February because it was more restrictive than the few NCAA rules that provide guardrails in this fast-evolving space.

Now other states are moving, as expected, to relax their NIL laws so that their universities are not at a disadvantage in retaining or recruiting athletes in this competitive NIL era.

Tennessee Gov. Bill Lee signed an amendment to his state’s NIL law last week that creates a much friendlier environment for all-important donor-led collectives. School-specific collectives, which pool funds from donors to create NIL opportunities for athletes, have fast become an indispensable tool to help schools recruit and retain elite players.