UNIVERSITY PARK, CENTRE COUNTY (WBRE/WYOU) — Governor Tom Wolf joined Penn State athletes and lawmakers to celebrate the signing of Act 26, which permits collegiate athletes to receive compensation through endorsements and sponsorships from their name, image and likeness.
Act 26 amends the Public School Code to allow athletes at Pennsylvania colleges to earn money from endorsements, such as sponsorships and appearances and still be allowed to compete.
It does not allow student athletes to receive payment for playing a sport or athletic achievement, rather, provides student athletes with an opportunity to benefit financially from their name, image and likeness.
“At Penn State, our 800+ varsity student athletes have raised the bar for dedication, work ethic and pursuit of excellence,” said university President Eric Barron. “They pursue challenging academic programs and spend rigorous and exhausting hours practicing. They compete at the highest levels, and contribute to campus life in countless ways. Our student athletes are an impressive group, and it’s our responsibility to do everything possible to ensure their success beyond college.”
“This step toward fairness for athletes aligns with changes taking place in other states and at the national level within the NCAA,” said Gov. Wolf. “It will also help to ensure that Pennsylvania colleges and universities remain competitive to future athletic prospects. This is an exciting moment for athletes and colleges in Pennsylvania, and I am proud to sign the law allowing for these opportunities.”
Wolf says this change ensures that Pennsylvania remains competitive in its pursuit of recruiting college athletes.