Trump Administration Cancels Biden-Era Gender Rule on NIL Money | Global News Avenue

The Trump administration resolved the multi-billion dollar business of compensation for college athletes on Wednesday, canceling a Biden-era memo that ordered payments for men and women.

In the last days of Joe Biden’s presidency, the Ministry of Education issued a memorandum Name, Image and Similarity (nil) Payment is financial aid, Title IXmale and female student athletes must be proportional to the number of each student involved in interschool or intercollegiate track and field at the school. ”

President Donald Trump’s Department of Education revoked the memorandum stating that the IX title does not apply to compensation for student-athletes. The move could change plans zero in a market, which in just a few years means huge dollars for high-profile athletes at large universities, as well as little-known money in smaller schools.

“This statement is that Title IX forces schools and colleges to distribute student-athletes’ income proportionally to gender equality considerations is sweeping and requires clear legal powers to support it. This does not exist.

The National University Sports Association did not immediately return a request for comment. The policy has been restricting college athletes from accepting recognition and advertising for decades, and this policy is Start changing In 2021.

The NCAA recently agreed to a court settlement that would allow the largest schools to create a $20.5 million pool in the first year to share with athletes if approved by a judge this spring. Most of these funds are expected to go to football and men’s basketball players, but Biden’s memo in January forced many schools to re-enter the income sharing program.