Trump is preparing to sign an executive order to restrict NIL money, limiting the earning potential for college athletes.

The claim that Trump is preparing to sign an executive order to restrict NIL money and thereby limit the earning potential of college athletes is supported by several recent news reports from reputable sports and news outlets. These sources consistently state that Trump is either actively working on or considering an executive order related to NIL compensation. The executive order is described as potentially establishing NCAA-friendly rules or increasing scrutiny on athlete compensation, which would effectively limit or regulate the current NIL earning landscape.

However, the exact details of the order, its scope, and its enforceability remain unclear, as no official text has been released and the order has not yet been signed. Some reports also mention the possibility of creating a commission to investigate athlete compensation rather than an outright restriction.

Therefore, while it is accurate that Trump is preparing such an executive order with the intent to limit NIL money, the full impact and specifics are not yet fully known. This nuance leads to a 'Mostly True' verdict rather than 'True' because the claim implies a definitive limitation on earnings without acknowledging the current uncertainty about the order's final form and effect.