Rich Paul, founder and CEO of Klutch Sports Group, said that while it's "flattering" that the NCAA's new agent provisions are being called the "Rich Paul Rule," he's more concerned about the greater impact the new criteria will have.

Colloquially dubbed the "Rich Paul Rule," the memo, obtained by ESPN, outlines new criteria for agents interested in representing players testing the NBA draft waters: a bachelor's degree, National Basketball Players Association certification for at least three consecutive years, professional liability insurance and completion of an in-person exam taken in early November at the NCAA office in Indianapolis.

"The harmful consequences of this decision will ricochet onto others who are trying to break in," Paul said in an op-ed for The Athletic. "NCAA executives are once again preventing young people from less prestigious backgrounds, and often people of color, from working in the system they continue to control. In this case, the people being locked out are kids who aspire to be an agent and work in the NBA and do not have the resources, opportunity, or desire to get a four-year degree.

"I actually support requiring three years of experience before representing a kid testing the market. I can even get behind passing a test. However, requiring a four-year degree accomplishes only one thing — systematically excluding those who come from a world where college is unrealistic.

"Does anyone really believe a four-year degree is what separates an ethical person from a con artist?"

Though he does not have a bachelor's degree, Paul's Klutch Sports represents LeBron James, Anthony Davis, Ben Simmons, Draymond Green, John Wall and other NBA players.