College athletes can start cashing in

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The floodgates have opened for college athletes in Florida and across the country to make money based on their names, images and likenesses. And right off the bat, the first contracts started to be inked Thursday, as a state law allowing athletes to receive off-the-field compensation took effect.


Rep. Chip LaMarca, a Lighthouse Point Republican who was a sponsor of the Florida law, touted athletes being able to get paid. 


LaMarca was on hand Thursday for a media appearance where several Florida State University athletes announced the signing of their first agreements for compensation.


“There’s no guarantee that (college athletes) will be able to play professionally. And we want to make sure that while they are famous for who they are and what they’re doing, that they can make some money doing it,” LaMarca said.


Seeing such laws go into effect in Florida and other states, the NCAA on Wednesday adopted a “uniform interim policy” allowing athletes nationwide to profit.


“With the variety of state laws adopted across the country, we will continue to work with Congress to develop a solution that will provide clarity on a national level. The current environment --- both legal and legislative --- prevents us from providing a more permanent solution and the level of detail student-athletes deserve,” NCAA president Mark Emmert wrote in a statement about the new policy.

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