The Federal Trade Commission is “asking 20 universities with Division I sports programs whether agents working with their athletes are following a federal law tied to sports-agent conduct,” according to the AP. The FTC’s inquiry, announced Monday, “began with sending letters to schools seeking responses by March 23 tied to compliance with the Sports Agent Responsibility and Trust Act that was enacted in 2004.” The FTC did not reveal “specifically which schools had been contacted.” Christopher Mufarrige, the director of the FTC’s Bureau of Consumer Protection, said in a statement that the inquiry “is aimed at better understanding whether sports agents are complying with the law and the degree to which student athletes are being protected.” The letters “seek information dating to July 1, 2021, coinciding with athletes being allowed to profit from their fame” through NIL rules. Requested information “includes when athletes entered into a contract, when the school was notified by the agent of that deal, whether there had been any complaints about an agent and copies of agency contracts with athletes’ personal information redacted” (AP, 1/14).
Sponsored content
