Senate passes Protect College Sports Act to regulate college athletics

The Senate voted 77-22 to pass bipartisan legislation regulating college athlete pay and transfers, sending it to the House of Representatives.

• The Senate passed the Protect College Sports Act on Monday, granting the NCAA antitrust protections to enforce payment and transfer rules.
• The bill raises the cap on direct athlete payments to roughly $49 million and limits players to one penalty-free transfer within a five-year eligibility window.
• Lawmakers rejected, 52-47, an amendment capping coach salaries at $5 million annually and restricting job changes.
• Senator Ted Cruz said the bill ends the "chaos plaguing college athletics," while opponent Cory Booker said it "sells out college athletes."