ESPN reports the Protect College Sports Act failed to reach a vote during an all-night, pre-recess session in the Senate that ended early today (Saturday), though the bill did gain a spot on next month's calendar after the chamber comes back from its summer break.
The measure has been touted as one that would put guardrails around an escalating spending spree in college sports as the industry struggles to adapt to a new model in which teams can pay players.
The bill has been on a roller coaster since it was introduced in late May but quickly failed to gain support of the two biggest conferences: the Big Ten and SEC. However, those conferences signed on and saved it from near death late last month after a flurry of negotiations.
