LeBron James Celebrates California Law Allowing College Athletes To Earn Money

California defied the NCAA after the governor signed a law to allow college athletes to earn money and get a good agent. The law will take effect in 2023, and students at both public and private universities to ink deals with sportswear firms, soft-drink makers and other businesses. They can now earn money from their image and name. Pretty much in the same way as professional athletes.

LeBron is more than happy to witness this major change.

“I’m so incredibly proud to share this moment with all of you. @gavinnewsom came to The Shop to do something that will change the lives for countless athletes who deserve it! @uninterrupted hosted the formal signing for SB 206 allowing college athletes to responsibly get paid.”

“It’s going to change college sports for the better by having now the interest, finally, of the athletes on par with the interests of the institutions,” California’s governor, Gavin Newsom, said on the show. “Now we’re rebalancing that power arrangement.” The NCAA demanded that Newsom blocks the bill, saying it “would erase the critical distinction between college and professional athletes.”

California senator Nancy Skinner, the bill’s author, explained that the law will allow athletes to get a share of the wealth they create. “For decades, college sports has generated billions for all involved except the very people most responsible for creating the wealth. That’s wrong.”

The NCAA has refused to pay players in most instances. A committee observes other ways players could earn. The report will be released in October. The NCAA allows some athletes to receive money in some instances. Tennis players can get up to $10,000 in prize money per year, and Olympians can get winnings from their competitions. Schools in the big “Power 5” conferences can pay players yearly cost-of-living stipends of between $2,000 and $4,000.

In 2017, the NCAA had $1.1bn in revenue in 2017.

This is a major win for basketball players and other athletes. Hopefully, we will witness many other positive changes. These students deserve to be paid from the things they create, and this is one of the topics LeBron has been discussing for quite some time.