How to handle a potential conflict of interest with a former employee
The NCAA has issued an advisory about the issue of conflicts of interest involving former players, including a warning that former players may face a potential loss of eligibility if they work for a company that owns or has a substantial financial interest in the former player’s employer.
In a statement released on Monday, the NCAA said that the Advisory Committee on Institutional Responses to Institutional Corrupt Practices issued a report that addresses potential conflicts of interests involving former athletes.
The advisory, released to ESPN, noted that former athletes may be required to register with the NCAA for at least one year after leaving college.
Former players may be asked to register for at-risk periods for two years after leaving school, or to forfeit at least 20 percent of their pay and benefits, according to the advisory.
The report states that if a former player has a financial interest that affects their eligibility, they should report the matter to the NCAA’s Institutional Integrity Office.
“It is important for former players to know that, in addition to the ethical and legal responsibilities inherent in working with an institution’s parent company, they also need to be aware of potential financial relationships that could create a conflict of interests,” the advisory said.
“If a former athlete becomes involved in a business with an institutional company, the company’s financial interest may be directly affected.
The institution is required to inform all former players of this potential conflict, and should make an effort to ensure that the financial relationship is disclosed to all former athletes.”
While the NCAA advisory doesn’t specifically address the financial interests of former players at any point in the investigation, the advisory states that a potential financial conflict can arise if a player has an ownership stake in a company owned by a former student-athlete.
“If a student-analyst is employed by an institution and has a significant financial interest or relationship with the institution, they may be at a potential disadvantage in the NCAA investigation,” the report stated.
“This may also apply to a former college athlete who works with a student athlete on a non-student-athletes program.”
The NCAA has also said that former students who work for schools affiliated with institutions affiliated with the former players organization can be held responsible for any conflict of concern.
However, former players who have not yet left college can also be held accountable if they have a financial relationship with an individual who owns an institutional student-agreement with the school.
In the report, the report said former players should report any potential conflicts to the Institutional Security Office, which is located in the office of the director of the Instance Integrity Office at the NCAA office in Columbia, S.C.