California state assembly unanimously passes bill to allow college athletes to profit from endorsements

    California may be the first state to allow college athletes to earn compensation based on their name, image and likeness.

    (CNN)The California State Assembly voted 73-0 in favor of SB 206, also known as the Fair Pay to Play Act, which is a proposed law that would allow college athletes to profit from their name, image and likeness.

    If the legislation is signed into law, it will be a "game changer," NBA superstar LeBron James recently said on Twitter.
    The Fair Pay to Play Act would allow college athletes in California to sign endorsement deals; earn compensation based on the usage of their name, image and likeness; and sign all types of licensing contracts that would allow them to earn money.
      These college athletes would also be able to hire an agent licensed by the state to represent them in any deals.