New Mexico Statutes 21-31-3. Student athlete compensation
A. A post-secondary educational institution shall not:
Terms Used In New Mexico Statutes 21-31-3
- Contract: A legal written agreement that becomes binding when signed.
- Uphold: The decision of an appellate court not to reverse a lower court decision.
(1) uphold any rule, requirement, standard or other limitation that prevents a student athlete of that institution from fully participating in athletics without penalty:
party; or
(a) for receiving food, shelter, medical expenses or insurance from a third (b) for earning compensation from a third party as a result of the use of the student athlete’s name, image, likeness or athletic reputation; or
(2) prevent a student athlete from receiving third-party compensation for using the student athlete’s name, image, likeness or athletic reputation when the student athlete is not engaged in official, mandatory team activities.
B. Earning compensation from the use of a student athlete’s name, image, likeness or athletic reputation shall not affect a student athlete’s grant-in-aid or stipend eligibility, amount, duration or renewal. For the purposes of this section, a grant-in-aid or stipend shall not be revoked or reduced as a result of a student athlete earning compensation pursuant to this section.
C. A third party shall not offer a student athlete a contract to provide compensation to the student athlete for use of the student athlete’s name, image, likeness or athletic reputation that requires a student athlete to advertise for the sponsor in person during official, mandatory team activities without the approval of the student athlete’s post- secondary educational institution.