Texas
Latest Coverage
See all articles
via:
ajc.com
In NIL stalemate, Cruz insists new $48M cap would be a hard cap. SEC, Big Ten not convinced
One key difference between Senate negotiators and the conferences still holding out on proposed legislation to regulate college sports is whether language in the bill would truly create a “hard salary cap” that would eliminate many third-party payments that have sent roster costs skyrocketing.
Sen. Ted Cruz, R-Texas, the chair of the Senate Commerce Committee and cosponsor of the bill, sent out a social media post that said “The cap is a hard cap. Full stop. That loophole is closed.”
But the refusal by the Big Ten and Southeastern Conference to sign off on changes to the Protect College Sports Act during a frenzied week of negotiating is a sign that they do not agree with Cruz's assessment and would like to see stronger language in the bill.