Definitions

(a) References to Sports Broadcasting Act of 1961 In this Act, the term Sports Broadcasting Act of 1961 means the Act of September 30, 1961 (15 U.S.C. 1291 et seq.). (b) Amendments to Sports Broadcasting Act of 1961 The Sports Broadcasting Act of 1961 is amended— (1) by redesignating sections 5 and 6 (15 U.S.C. 1295, 1291 note) as sections 8 and 9, respectively; and (2) in section 8, as so redesignated— (A) by striking As used in this Act, persons means and inserting the following: As used in this Act: (12) Persons The term persons means; (B) by inserting before paragraph (12), as so designated, the following: (1) Collective media rights revenue The term collective media rights revenue means revenue derived from the sale or transfer of the media rights of the member institutions and member conferences of the covered entity resulting from the joint agreement described in section 5. (2) Conference The term conference means any organization that is not an intercollegiate athletic association and that— (A) has 2 or more institutions as members; and (B) arranges championships for intercollegiate athletic competitions or sets rules for intercollegiate athletic competitions. (3) Covered entity The term covered entity means the entity formed by a joint agreement of institutions or conferences described in subparagraph (A) or (B) of section 5(b)(1) that meets each of the requirements under section 5. (4) Grant-in-aid The term grant-in-aid — (A) means a scholarship, grant, stipend, or other form of financial assistance, including the provision of tuition, room, board, books, or funds for fees or personal expenses, that— (i) is paid or provided by an institution to a student for the undergraduate or graduate course of study of the student; and (ii) is in an amount that does not exceed the cost of attendance for the student at the institution; and (B) does not include compensation paid to an individual who is a student athlete or a former student athlete. (5) Institution The term institution has the meaning given the term institution of higher education in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001). (6) Intercollegiate athletic association The term intercollegiate athletic association — (A) means any organization, not-for-profit corporation, association, or other group organized in the United States that— (i) is composed of 2 or more institutions or conferences that— (I) are located in different States; or (II) participate in intercollegiate athletic competitions in more than 1 State; (ii) sponsors or arranges intercollegiate athletic competitions between institutions; (iii) sets common rules, standards, procedures, or guidelines for the administration of intercollegiate athletic competition; and (iv) is not a conference; (B) includes— (i) the National Collegiate Athletic Association; and (ii) any other national intercollegiate athletic association; and (C) does not include a corporation, association, or other group affiliated with professional athletic competition. (7) Intercollegiate athletic competition The term intercollegiate athletic competition means any varsity intercollegiate sport contest, game, meet, match, tournament, regatta, or other intercollegiate sport event in which student athletes or varsity sports teams compete. (8) Intercollegiate football The term intercollegiate football means the intercollegiate sport of football. (9) Intercollegiate sport The term intercollegiate sport — (A) means a sport played at the intercollegiate level, administered by an athletic department, between institutions for which eligibility requirements for participation by a student athlete are established by an interstate intercollegiate athletic association; and (B) does not include a recreational, intramural, or club sport. (10) Member conference The term member conference, with respect to the covered entity, means a conference that is a member of the covered entity. (11) Member institution The term member institution, with respect to the covered entity, means an institution that is a member of the covered entity.; and (C) by inserting after paragraph (12), as so redesignated, the following: (13) Student athlete The term student athlete means an individual who— (A) is enrolled as a full-time student at an institution; (B) makes satisfactory progress towards completing a degree; and (C) participates in intercollegiate athletic competitions or competes for a varsity sports team as part of the institution’s educational, developmental, or extracurricular programs. (14) Top 5 historic opponents in intercollegiate football The term top 5 historic opponents in intercollegiate football, with respect to an institution, means the 5 other institutions against which the institution has played the most intercollegiate athletic competitions within intercollegiate football. (15) Top 10 historic opponents in intercollegiate football The term top 10 historic opponents in intercollegiate football, with respect to an institution, means the 10 other institutions against which the institution has played the most intercollegiate athletic competitions within intercollegiate football. (16) Traditional rivalry The term traditional rivalry means an intercollegiate athletic competition within intercollegiate football that is between varsity sports teams of 2 institutions that— (A) are both members of the covered entity; (B) are not members of the same conference; and (C) rank among each other’s top 10 historic opponents in intercollegiate football. (17) Varsity sports team The term varsity sports team means a team composed of student athletes that is organized by an institution for the purpose of intercollegiate athletic competitions..

(a) References to Sports Broadcasting Act of 1961 In this Act, the term Sports Broadcasting Act of 1961 means the Act of September 30, 1961 (15 U.S.C. 1291 et seq.). (b) Amendments to Sports Broadcasting Act of 1961 The Sports Broadcasting Act of 1961 is amended— (1) by redesignating sections 5 and 6 (15 U.S.C. 1295, 1291 note) as sections 8 and 9, respectively; and (2) in section 8, as so redesignated— (A) by striking As used in this Act, persons means and inserting the following: As used in this Act: (12) Persons The term persons means; (B) by inserting before paragraph (12), as so designated, the following: (1) Collective media rights revenue The term collective media rights revenue means revenue derived from the sale or transfer of the media rights of the member institutions and member conferences of the covered entity resulting from the joint agreement described in section 5. (2) Conference The term conference means any organization that is not an intercollegiate athletic association and that— (A) has 2 or more institutions as members; and (B) arranges championships for intercollegiate athletic competitions or sets rules for intercollegiate athletic competitions. (3) Covered entity The term covered entity means the entity formed by a joint agreement of institutions or conferences described in subparagraph (A) or (B) of section 5(b)(1) that meets each of the requirements under section 5. (4) Grant-in-aid The term grant-in-aid — (A) means a scholarship, grant, stipend, or other form of financial assistance, including the provision of tuition, room, board, books, or funds for fees or personal expenses, that— (i) is paid or provided by an institution to a student for the undergraduate or graduate course of study of the student; and (ii) is in an amount that does not exceed the cost of attendance for the student at the institution; and (B) does not include compensation paid to an individual who is a student athlete or a former student athlete. (5) Institution The term institution has the meaning given the term institution of higher education in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001). (6) Intercollegiate athletic association The term intercollegiate athletic association — (A) means any organization, not-for-profit corporation, association, or other group organized in the United States that— (i) is composed of 2 or more institutions or conferences that— (I) are located in different States; or (II) participate in intercollegiate athletic competitions in more than 1 State; (ii) sponsors or arranges intercollegiate athletic competitions between institutions; (iii) sets common rules, standards, procedures, or guidelines for the administration of intercollegiate athletic competition; and (iv) is not a conference; (B) includes— (i) the National Collegiate Athletic Association; and (ii) any other national intercollegiate athletic association; and (C) does not include a corporation, association, or other group affiliated with professional athletic competition. (7) Intercollegiate athletic competition The term intercollegiate athletic competition means any varsity intercollegiate sport contest, game, meet, match, tournament, regatta, or other intercollegiate sport event in which student athletes or varsity sports teams compete. (8) Intercollegiate football The term intercollegiate football means the intercollegiate sport of football. (9) Intercollegiate sport The term intercollegiate sport — (A) means a sport played at the intercollegiate level, administered by an athletic department, between institutions for which eligibility requirements for participation by a student athlete are established by an intercollegiate athletic association; and (B) does not include a recreational, intramural, or club sport. (10) Member conference The term member conference, with respect to the covered entity, means a conference that is a member of the covered entity. (11) Member institution The term member institution, with respect to the covered entity, means an institution that is a member of the covered entity.; and (C) by inserting after paragraph (12), as so redesignated, the following: (13) Student athlete The term student athlete means an individual who— (A) is enrolled as a full-time student at an institution; (B) makes satisfactory progress towards completing a degree; and (C) participates in intercollegiate athletic competitions or competes for a varsity sports team as part of the institution’s educational, developmental, or extracurricular programs. (14) Top 5 historic opponents in intercollegiate football The term top 5 historic opponents in intercollegiate football, with respect to an institution, means the 5 other institutions against which the institution has played the most intercollegiate athletic competitions within intercollegiate football. (15) Top 10 historic opponents in intercollegiate football The term top 10 historic opponents in intercollegiate football, with respect to an institution, means the 10 other institutions against which the institution has played the most intercollegiate athletic competitions within intercollegiate football. (16) Traditional rivalry The term traditional rivalry means an intercollegiate athletic competition within intercollegiate football that is between varsity sports teams of 2 institutions that— (A) are both members of the covered entity; (B) are not members of the same conference; and (C) rank among each other’s top 10 historic opponents in intercollegiate football. (17) Varsity sports team The term varsity sports team means a team composed of student athletes that is organized by an institution for the purpose of intercollegiate athletic competitions..