New York A11717 mandates that any compensation over $10,000 per year from a minor student-athlete's name, image, and likeness must be placed in a.

New York A11717 amends the education law to require that any compensation exceeding $10,000 per year from contracts involving a minor student-athlete's name, image, and likeness be deposited into a restricted trust account. This account, established for the student-athlete's benefit, prohibits withdrawals except by court order or as specified by the law. The trust account must be administered according to New York state law applicable to settlement funds involving college athletes.

New York A11717 mandates that any compensation over $10,000 per year from a minor student-athlete's name, image, and likeness must be placed in a.

New York A11717 amends the education law to require that any compensation exceeding $10,000 per year from contracts involving a minor student-athlete's name, image, and likeness be deposited into a restricted trust account. This account, established for the student-athlete's benefit, prohibits withdrawals except by court order or as specified by the law. The trust account must be administered according to New York state law applicable to settlement funds involving college athletes.