Former UFC light heavyweight champion Jon Jones is happy for college athletes and their newfound earning power. On Thursday, the NCAA started allowing its athletes to profit off their own personas, a 180-deguree turn on a long-held stance when it comes to athlete compensation. Thanks to a ruling from the NCAA Division I Council, athletes can now make money from their name, image and likeness. Here are the details, via USA TODAY Sports : Under the new arrangement, college athletes will be allowed to engage in activities, including endorsement deals, leveraging social media for pay, and getting compensated for coaching, making personal appearances and signing autographs. They will be able to do all of this in an environment that, at least for now, will have far fewer fixed boundaries than the schools had anticipated would be in place in the wake of a vote on a detailed set of rules changes that had been set for January.
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Jon Jones congratulates NCAA athletes after momentous ruling on NIL compensation – MMA Junkie