Watch live: Senate holds hearing on NCAA’s NIL contracts

NCAA President Charlie Baker and Big Ten Commissioner Tony Petitti, also the former governor of Massachusetts, will testify before the Senate Tuesday in a hearing on the Name, Image and Likeness (NIL) and the future of college sports.

The hearing comes after Baker and several others have asked Congress to draft a federal law that would allow the NCAA to regulate how athletes make money with the selling of athletes’ NIL rights.

Several college athletes who spoke with The Hill in August were largely in favor of creating legislation. The bill would give the NCAA oversight over NIL, make changes to the transfer portal and require some schools to offer health insurance to athletes after graduating.

While the NCAA’s updated NIL policy has provided an opportunity for students to earn from their skills in recent years, many fear that if it’s unregulated, it will become an increasing bidding war.

So far, no bill has made it past the preliminary discussion.

The event is scheduled to begin at 10 a.m. EDT.

Watch the live video above.