1. An institution shall not: (a) Uphold or enforce any rule of a national collegiate athletic association that prevents a student athlete enrolled in the institution from being compensated for the use of the name, image or likeness of the student athlete by an organization, the institution or a national collegiate athletic association; (b) Except as otherwise provided by subsection 2, prevent a student athlete from being compensated for the use of the name, image or likeness of the student athlete; (c) Compensate a prospective student athlete of the institution for the use of the name, image or likeness of the student athlete; (d) Prevent a student athlete from obtaining professional services; or (e) Alter, withhold or otherwise reduce the amount of a scholarship awarded to a student athlete solely because a student athlete is compensated for the use of the name, image or likeness of the student athlete by an organization, the institution or a national collegiate athletic association or because the student athlete obtains professional services. 2. An institution may: (a) Adopt a policy that imposes reasonable restrictions on a student athlete entering into a contract pursuant to NRS 398.310 that provides for the student athlete to be compensated for the use of the name, image or likeness of the student athlete with an organization or person whose goods, services or mission are contrary to the mission of the institution; and (b) Prohibit a student athlete from being compensated for the use of the name, image or likeness of the student athlete if the use of the name, image or likeness is related to official activities of the institution or intercollegiate sports at the institution. 3. A national collegiate athletic association shall not: (a) Prevent a student athlete enrolled at an institution from participating in intercollegiate sports solely because the student athlete is compensated for the use of the name, image or likeness of the student athlete by an organization, the institution or the national collegiate athletic association; (b) Prevent an institution from being a member of or participating in the activities of the national collegiate athletic association solely because a student athlete who is enrolled at the institution is compensated for the use of the name, image or likeness of the student athlete by an organization, the institution or the national collegiate athletic association; (c) Compensate a prospective student athlete of an institution for the use of the name, image or likeness of the student athlete; or (d) Prevent a student athlete from obtaining professional services. 4. As used in this section, professional services includes, without limitation, representation regarding contracts or other legal matters, including, without limitation, representation provided by an attorney or an athlete agent registered pursuant to chapter 398A of NRS.
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