Masley, who died of cancer in September at the age of 56, was one of three luge athletes who have acted as a flagbearer for the United States at an Olympic Games.

He carried the flag at the Sarajevo 1984 Winter Olympics and was a member of three Olympic teams during his career.

The American triumphed at 10 national championships and has been recognised by athletes as having developed a year-round training regime to compete at elite international level.

Masley has also been a key official after his career came to a close, serving as a member of the National Luge Committee and the chair of the National Team Committee.

He was also a member of the design committee for the Salt Lake City 2002 Olympic track.

The Hall of Fame will be located at the Athletes’ Village in Lake Placid, the two-time hosts of the Winter Olympics, but the exact place is yet to be determined.

USA Luge approved the initiative was approved in recent months, which is designed to honour athletes, coaches and officials who have performed at extraordinary level.

A Hall of Fame Committee will be chosen this year, with future inductees expected to be inducted back in 2018.

It was also decided that as a tribute to Masley, the winners of the National Championship will be awarded the Frank Masley Trophy.

The approval of the trophy and the create of the Hall of Fame was designed to celebrate the legacy of the athletes, whose training vision and career were viewed to be ahead of his time.