Senator Morgan McGarvey, D-Louisville, explains Senate Bill 228 today on the Senate floor. The bill passed 36-0.
FRANKFORT – Senator Morgan McGarvey, D-Louisville, passed legislation today on the Senate floor that revises the Uniform Athletes Agents Act to expand requirements for athletic agents to better protect student-athletes.
Senate Bill 228 expands the definition of an athlete agent and requires agents to register with the state. It also expands those required to register as agents, clarifies reasoning to refuse licenses, and specifies requirements for an agency contract and communications that agents must meet. In addition, the bill increases penalties from $25,000 to $50,000 for those found to be in violation as well as increases the penalties by allowing universities to seek actual damages including attorney’s fees from agents.
An amendment attached to the bill excludes a parent or guardian from “athlete agent,” unless the parent or guardian is being compensated.
“This legislation will help keep things above board,” said Senator McGarvey. “It will help reduce corruption and better protect our student-athletes.”
SB 228, sponsored by Senator McGarvey, passed 36-0 and is headed to the House for further consideration.
Senate Bill 228: http://www.lrc.ky.gov/record/18rs/SB228.htm.