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FHSAA considers allowing high school athletes to profit off name, image and likeness

Karter Knox was the No. 1 basketball player in the state while attending Tampa Catholic High School but left before his senior year for Atlanta-based Overtime Elite, which signs prospects age 16 to 20 to deals to earn salary or scholarship money. He committed to play college ball at the University of Kentucky on March 9, 2024, choosing UK over South Florida, Louisville or returning to OTE.
Overtime Elite
Karter Knox was the No. 1 basketball player in the state while attending Tampa Catholic High School but left before his senior year for Atlanta-based Overtime Elite, which signs prospects age 16 to 20 to deals to earn salary or scholarship money. He committed to play college ball at the University of Kentucky on March 9, 2024, choosing UK over South Florida, Louisville or returning to OTE.

If approved, Florida will join more than 30 states that allow NIL deals in high schools. A driving force in the proposal was Tampa Catholic basketball player Karter Knox leaving the state.

The Florida High School Athletic Association is considering a proposal that would allow high school athletes to be paid for their name, image and likeness.

William Glass is the CEO of Ostrich, a financial health app for college students with a primary focus on student athletes.

He said Florida is playing catch up on NIL deals.

According to the National Federation of State High School Associations, as of October 2023, 30 states and the District of Columbia allow high school student athletes to receive NIL payments.

William Glass is the CEO of Ostrich, a financial health app for college students with a primary focus on student athletes.
Michael Praytor
/
Ostrich
William Glass is the CEO of Ostrich, a financial health app for college students with a primary focus on student-athletes.


Glass believes a driving force behind the change in Florida is because of athletes like basketball player Karter Knox, who attended Tampa Catholic High School until last year.

Knox was the top-rated player in Florida in 2022-23 but left Tampa Catholic before his senior year for Overtime Elite, an Atlanta-based league that signs 16- to 20-year-old prospects to earn salary or scholarship money.

“He was a Florida athlete and ended up transferring to Georgia so that he could make his NIL money. So you're seeing this where some of the top athletes, which Florida develops some of the top athletes at the high school level, are considering going to other states where they can make this name, image, likeness money.”

If the FHSAA approves the changes, Glass says most high school student athletes won’t be making more money than their coaches, despite a recent column in the Orlando Sentinel that stated otherwise.

“That's not happening right now, not that high school coaches make a lot of money. I think the average stat that was used in that same article is $5,000, is roughly what that stipend is. There aren't that many college athletes that are making that kind of money, much less at the high school level.”

According to Bill Carter, creator of Student-Athlete Insights and the NIL Research Poll, out of the 8 million high school student athletes in the U.S, less than 1 percent are earning more than their coaches.

“I think it's way overblown. Think about this, right now, if you're a kid, you can go do commercials (etc.) and you can do name, image, likeness in the kind of pure sense of the words,” said Glass.

A poll by the Shirley Povich Center for Sports Journalism at the University of Maryland surveyed more than 1,500 adults about their feelings toward high school athletes profiting from NIL deals.

The study found that 54% of respondents support high school athletes earning money through endorsement deals, with two-thirds of Black and Hispanic respondents agreeing.

“I do think that there's something more interesting in the push back and where it's coming from, because I'd love to see stats and data around who's really pushing against this law. Is it folks that have plenty of money and aren't worried about this because they can pay for play and can support their kids when it comes to playing athletics?”

Community building

A bill before Gov. Ron DeSantis, if approved, would prohibit kids under 14 from having social media accounts, and 14- and 15-yea- olds can only have one if they get parental consent.

In April 2023, Glass told WMFE that approximately 80% of NIL deals come from social media.

However, with the potential ban in place, Glass says student-athletes in Florida shouldn’t worry too much.

“Adidas signed Karter Knox because he has the potential to go play in the NBA. That type of deal won't matter whether TikTok and social media are banned because at the end of the day, the reason why he's able to make that kind of money has nothing to do with his social media following. It's more of his ability and his talent level that will ultimately allow him to be somebody that is influential.”

Knox, rated this season's 20th best recruit in the nation, recently decided to play college basketball at the University of Kentucky. His older brother, Kevin Knox II, also attended Tampa Catholic and Kentucky before he was a first-round pick in the 2018 NBA draft.

Glass said an FHSAA rule change could mean a positive boost for local businesses and community building.

“Over time, it's more awareness and focus on community. I think that money is another thing that you have to think about, too. If it was coming from Adidas, it's a very different conversation than from a local business that maybe just wants to support it, because they had a kid that went to that high school, or they have kids that play on those teams.”

NIL protections

Overall, Glass believes if the FHSAA approves the change to allow NILs, it will have a positive impact on student-athletes and the communities they play in.

However, Glass said there will be challenges.

“I think one thing that's interesting that we're not talking about that we should be is that there are 10 states that have something called the Coogan law, or Coogan account.”

According to the Screen Actors Guild-American Federation of Television and Radio Artists, a Coogan account is used for child actors where 15% of their gross wages are held in a blocked trust account.

“Coogan account make sure that if someone under the age of 18 is making significant money, a portion of that is held aside in a trust account, so that the parents can't spend it because at the end of the day, the money goes to the parents if you're under the age of 18.”

Glass adds that it’s important to think about financial literacy when it comes to the possibility of student athletes earning more money.

In 2022, DeSantis signed a law adding a financial literacy course as a graduation requirement for the high school students.

“It’s important that we make sure that kids at the high school level, assuming this (NILs) passes, are able to make money and are building good habits because if we can help students have better financial habits at a younger age, that's going to disproportionately impact everyone in a positive way. Every single community in the state of Florida will benefit from that.”

Copyright 2024 WMFE. To see more, visit WMFE.

Talia Blake