NCAA Explains New Agent Rule After LeBron James, Chris Paul Criticize Change

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FILE - In this March 18, 2015, file photo, the NCAA logo is at center court as work continues at The Consol Energy Center in Pittsburgh, for the NCAA college basketball second and third round games. Bank records and other expense reports that are part of a federal probe into college basketball list a wide range of impermissible payments from agents to at least two dozen players or their relatives, according to documents obtained by Yahoo Sports. Yahoo said Friday, Feb. 23, 2018, that the documents obtained in discovery during the investigation link current players including Michigan State's Miles Bridges, Duke's Wendell Carter and Alabama's Collin Sexton to potential benefits that would be violations of NCAA rules. (AP Photo/Keith Srakocic, File)

Keith Srakocic/Associated Press

The NCAA recently implemented the so-called Rich Paul Rule, which requires agents looking to represent student-athletes to have obtained at least a bachelor’s degree, among other criteria.

The NCAA subsequently issued a statement on its new policy Wednesday:

According to Jon Rothstein of CBS Sports, the new rules require not only a bachelor’s degree but also at least three years of NBPA certification as well as an in-person exam at NCAA headquarters in Indianapolis.

Per Jeff Borzello of ESPN, agents must also “agree to cooperate with the NCAA in connection with its investigation and analysis of possible rules violations, even if the alleged violations are unrelated to [their] NCAA-agent certification.”

The NCAA said in a memo the new rules, which went into effect on Aug. 1, were implemented “to protect the collegiate eligibility” of the student-athletes, via The Athletic’s Sam Vecenie:

The new rules got the attention of Los Angeles Lakers superstar LeBron James, who went from high school straight to the NBA, and the Oklahoma City Thunder’s Chris Paul: