South Carolina determined that no NCAA rules were violated when Gamecocks defensive end Jadeveon Clowney and sports agent Jay-Z made contact.
"Based on the facts that USC has gathered, Jadeveon Clowney has not had any impermissible conversations nor has he received any impermissible benefits," said Steve Fink, South Carolina's assistant director of athletics for media relations, in a news release.
South Carolina's compliance office launched an investigation earlier this week when the contact was reported. NCAA rules allow college players to interact with agents but not to accept money or benefits, including meals, from them.
Clowney, a junior, is expected to enter the NFL Draft after the upcoming season and is projected as a potential No. 1 pick.
Jaz-Z started Roc Nation Sports earlier this year to represent athletes and has picked up some high-profile clients that include Robinson Cano of the New York Yankees and Kevin Durant of the Oklahoma City Thunder.