drop shadows and layer masks

I have a situation where I have two layers (snow boarder pic and a gold ring). I want the snow boarder to be coming out of the ring, so I have him on top and masked everything that wasn't inside the ring (except his arm). The problem is when I go to add a drop shadow I get the whole shadow, I really only want his arm. This happens (pic 1) and notice the shadow on the bottom right. Not good. Now if I put the ring on top of him (and his mask) and then try to mask out the ring where his arm is, it sucks because the ring layer has bevel properties and it doesnt' look real like this (pic 2). Any help would be cool, and I have tried to duplicate the layers to cover the shadow up but that didnt' work in this case. Thanks fellas!

Try this:

Double click on your layer of the snowboarder. It should open up the layer style window. Look under Advanced Blending (on the first screen) and check Layer Mask Hides Effects.

I think this should hide that unwanted bevel at the bottom.

Thank you. After playing around some i placed the boarder on top, left the ring alone as is, and then I had to use the advanced blending as you suggested but i had to actually delete the section around his arm in order for the shadow to appear outside of the mask. Thanks for the help!

I know you've already figured it out, but you could have also used a vector mask to hide the effects then your layer mask would still be intact and you wouldn't have to delete anything.