; and (B) participates in a sports program. (13) Student athlete The term student athlete means an individual who engages or is eligible to engage in intercollegiate athletics. (14) Third party The term third party means— (A) a person, other than an institution of higher education or a student athlete, that— (i) offers, solicits, or enters into a name, image, or likeness contract; or (ii) offers or provides name, image, or likeness compensation; (B) an entity that is affiliated with an institution of higher education, yet operates independently of the institution of higher education, that generates funding to support opportunities for student athletes to enter into name, image, or likeness contracts; or (C) an entity that is, refers to itself as, or is colloquially referred to as, a collective. (15) Transfer portal The term transfer portal means a process managed by the National Collegiate Athletic Association that facilitates the transfer of student athletes from one institution of higher education to another institution of higher education for the purpose of engaging, or being able to engage in the future, in intercollegiate athletics. (16) Varsity intercollegiate athletics program The term varsity intercollegiate athletics program means a sport played at the intercollegiate level, administered by an athletic department, for which eligibility requirements for participation by student athletes are established by the National Collegiate Athletic Association or a conference. (17) Varsity intercollegiate sports competition The term varsity intercollegiate sports competition means a competition— (A) between or among student athletes