CHARLESTON, S.C. — In a bill recently pre-filed with the state Senate, a Charleston lawmaker says colleges need to start paying their athletes – at least at Clemson and South Carolina.
Sen. Marlon Kimpson, D-Charleston, pre-filed the bill on Dec. 3 as an amendment to a law regarding higher institutions. The bill would create stipends and a trust fund for eligible athletes.
Those athletes, according to the bill, play football and men’s or women’s basketball at NCAA member colleges at the Division I level that generate at least $50 million in revenue a year, meaning the bill would likely only affect Clemson University and the University of South Carolina.
According to the bill, Kimpson wants student athletes in good academic standing to earn $5,000 a year – up to $25,000 for their total time at their respective college or university – in addition to a stipend that would pay athletes no more than $2,500 a semester.
Additionally, the bill says students would not get access to their trust fund until fulfilling all academic requirements for graduation and completing a state-approved financial literacy course.
The legislative session resumes on Jan. 13.
Kimpson’s bill is included below. Read the full bill and articles pre-filed here:
Senator Kimpson: A bill to amend chapter 101, title 59 of the 1976 code, relating to colleges and institutions of higher learning generally, by adding article 5, to provide that participating institutions in this state shall annually award stipends to student athletes who participate in an intercollegiate sport and maintain a good academic standing during the previous year, to provide conditions for receipt of stipends, and to define necessary terms; to amend chapter 101, title 59 of the 1976 code, relating to colleges and institutions of higher learning generally, by adding article 6, to provide that participating institutions in this state shall create a student athlete trust fund and fund the trust with a percentage of the intercollegiate sport gross revenue generated from certain sources, to provide that for each year a student athlete maintains good academic standing, five thousand dollars will be deposited into the fund on his behalf and the total trust fund amount may not exceed twenty-five thousand dollars per student athlete; to provide that after fulfillment of all academic requirements for graduation and completion of a state-approved financial literacy course, the participating institution shall provide a one-time payment to each student athlete in the full amount deposited in the fund on their behalf, to provide conditions for receipt of the trust fund payment, and to define necessary terms.