(1) In this section:
(a) “Intercollegiate athletic program” means a program established by a private institution of higher education that allows sports played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association or athletic conference that promotes or regulates collegiate athletics.
(b) “Private institution of higher education” means a private nonprofit postsecondary institution that is headquartered in this state and that is accredited, as defined in s. 39.30 (1) (d).
(c) “Student athlete” means any student who attends or has agreed to attend a private institution of higher education and participates or has agreed to participate in an intercollegiate athletic program.
(2) A student athlete who enters into an agreement for the compensation of the student athlete for use of the student athlete’s name, image, or likeness is not an employee of the private EDUCATIONAL AGENCIES; EDUCATION COMPACTS 39.9127 institution of higher education that the student athlete attends or has agreed to attend because of the agreement.