How Do the NCAA Name, Image, and Likeness Rules Affect Key Stakeholders?

Thanks to a recent NCAA interim policy change and new laws in several states, some student-athletes can now be paid for use of their name, image, and likeness (NIL).  This opens up new opportunities for students as well as other parties involved in collegiate sports.  However, it also raises new concerns for key stakeholders.  Legal counsel is essential to ensure all parties understand how to comply with the laws and regulations already enacted as well as new ones that are forthcoming.