The Ohio High School Athletic Association (OHSAA) has voted to allow high school athletes to engage in deals that will allow them to get paid for their name, image and likeness.
The OHSAA reports that this new bylaw goes into effect immedietly. They also report that 447 member schools voted for the referendum. 121 schools voted no. 247 schools did not cast a vote.
According to the OHSAA, Ohio is now the 45th state to allow student athletes to enter into agreements to be compensated for their name, image and likeness through appearances, licensing, social media, endorsements and/or the use of branding based on their public recognition or notoriety. The bylaw also establishes reporting procedures and limitations so that students do not jeopardize their eligibility as it relates to the OHSAA’s recruiting and amateur bylaws.
College athletes have been allowed to take part in NIL deals since 2021. Since then, Holbrook & Manter has been assisting athletes in navigating these opportunities, which bring about tax responsibilities and other complex financial considerations. Our team is ready to assist Ohio high school athletes with these deals as well. Meet our team here and reach out today for more information: Pro and College Athletes | Pro Sports CPA | Holbrook & Manter
To read more about this new OHSAA decision, click here: OHSAA Member Schools Pass NIL Referendum Proposal