The NCAA has issued new rules for agents. In a memo sent out on Monday, the NCAA outlined new criteria for agents wanting to represent players with hopes of making it to the NBA.
The requirements include:
The agent must have a bachelors degree, certified with NBPA for a minimum of three years and taken in person exam at the NCAA offices in Indianapolis.
Many have responded on social media calling it the "Rich Paul Rule." Rich Paul is the the super agent to NBA greats LeBron James, Draymond Green, Ben Simmons and more. Paul does not have a bachelors degree and has been able to make major moves with players, including his longtime friend LeBron James. Many players have responded on social media.
Some are speculating this comes on the heels of Rich Paul convincing top 2019 draft prospect Darius Bazley to take a three month $1 million internship with company New Balance as oppose to going into his rookie season in college. Most recently, Bazley was drafted by the NBA and is now playing for the Oklahoma Thunder.
The NCAA has responded with a statement:
“Although some can and have been successful without a college degree, as a higher education organization, the NCAA values a college education and continues to emphasize the importance of earning a degree. We were guided by recommendations from the Commission on College Basketball — which spoke with the agent and advisor community — that the NCAA certification process should be more stringent than current processes. With this in mind, we benchmarked our new rules against requirements for other organizations that certify agents, like the NBPA, which also requires agents to have a bachelor’s degree. While different and distinct, our rules taken together, which is the manner they were meant to be examined, provide a clear opportunity for our student-athletes to receive excellent advice from knowledgeable professionals on either the college or professional path they choose.”