Protecting Athletes, Schools, and Sports Act of 2023

This bill establishes rules for name, image, and likeness (NIL) contracts for college athletes. It requires written contracts with specific terms, prohibits certain types of contracts (like those involving gambling or tobacco), and mandates disclosure of these contracts to institutions and the Federal Trade Commission. The bill also sets transfer rules for student athletes, requires schools to cover certain medical expenses, and protects athletes' financial aid from being reduced due to NIL deals. It directly affects student athletes, colleges, and third-party entities that provide NIL opportunities.