The Ocean State University football student-athletes will receive rings for winning the Ocean Eleven Conference Championship game. If any of the student-athletes want to exchange the ring for another item, is that permissible?
No. NCAA Staff Interpretation- 12/5/13- Student-Athletes Selling Items Received for Participation in Intercollegiate Athletics (I) – states that a student-athlete may not sell, or exchange for another item of value, any item received for athletics participation.
[References: NCAA Division I Bylaws 22.214.171.124 (advertisements and promotions after becoming a student-athlete); 12.1.2 (amateur status); 16.1.4 (types of awards, awarding agencies, maximum value and numbers of awards); and 126.96.36.199 (general rule)]