A postsecondary institution or a third party authorized to act on behalf of the postsecondary institution may provide professional representation and compensate or cause compensation to be directed to a current or prospective student athlete for his or her name, image, or likeness if permitted by a collegiate athletics association, of which the postsecondary institution is a member, and institutional policy.
Okla. Stat. tit. 70, § 820.23