12.4.1 Criteria Governing Compensation to Student-Athletes. All compensation received by a student-athlete must be consistent with the limitations on financial aid set forth in Bylaw 15. Compensation may be paid to a student-athlete: [R] (Revised: 4/16/19)

(a) Only for work actually performed; and

(b) At a rate commensurate with the going rate in that locality for similar services.