Game changer? Schools can pay for athlete injury insurance policies

oxrageous

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It’s a good deal for A&M’s football program and for Ogbuehi, but as with virtually every story about the NCAA, it also raises questions about the NCAA’s definition of amateurism. Why is it OK for a school to pay for a player’s $60,000 insurance policy in one case, but not OK for a school to pay for a few bucks worth of pasta in another case? And when many student-athletes are just trying to make ends meet, is it really the best use of Student Assistance Fund money to spend $60,000 on a player who could have, if he wanted to, left for the NFL and made millions?
 

Gator Fever

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I doubt its a big game changer but might keep a few in school that extra season.
 

oxrageous

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But how can a school blow 60K on this? Isn't a bit hypocritical?
 

URGatorBait

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oxrageous;n15120 said:
It’s a good deal for A&M’s football program and for Ogbuehi, but as with virtually every story about the NCAA, it also raises questions about the NCAA’s definition of amateurism. Why is it OK for a school to pay for a player’s $60,000 insurance policy in one case, but not OK for a school to pay for a few bucks worth of pasta in another case? And when many student-athletes are just trying to make ends meet, is it really the best use of Student Assistance Fund money to spend $60,000 on a player who could have, if he wanted to, left for the NFL and made millions?

The quote seems a little funny. It's a $60,000 policy, that doesn't necessarily mean the school would be paying $60,000...they'd be paying premiums towards it. And could be a good thing if they can transfer it to the player once they leave the school, and it's their own policy.

Secondly, this provides assistance, without directly paying players, which would almost assuredly cost a lot more than these policies will cost, and this doesn't necessarily create a recruiting advantage.

Also, how many student athletes, particularly football players are really struggling in Div 1 football? Most of them have all their meals paid for...though I'd support schools helping with clothing.
 

78

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oxrageous;n15125 said:
But how can a school blow 60K on this? Isn't a bit hypocritical?


Likely because the insurance is seen as essential to the athlete's security whereas anything else falls into a bottomless pit of gray.
 

LagoonGator68

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The dumbass NCAA will regret this decision if they don't reverse it. What a can of cluster pfluck this opens!
 

oxrageous

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[QUOTE='78;n15133]


Likely because the insurance is seen as essential to the athlete's security whereas anything else falls into a bottomless pit of gray.[/QUOTE]
Yes but the teams can pick and choose what athletes to give these policies to? It's not like everyone gets a policy.
 

LagoonGator68

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URGatorBait;n15126 said:
The quote seems a little funny. It's a $60,000 policy, that doesn't necessarily mean the school would be paying $60,000...they'd be paying premiums towards it. And could be a good thing if they can transfer it to the player once they leave the school, and it's their own policy.

Secondly, this provides assistance, without directly paying players, which would almost assuredly cost a lot more than these policies will cost, and this doesn't necessarily create a recruiting advantage.

Also, how many student athletes, particularly football players are really struggling in Div 1 football? Most of them have all their meals paid for...though I'd support schools helping with clothing.
The coverage is for millions, the premium is $60k.
 

URGatorBait

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LagoonGator68;n15138 said:
The coverage is for millions, the premium is $60k.


Ok, that's fair. I hadn't read the article, only Ox's quote, and the quote appeared to say it was a $60,000 policy.
 

oxrageous

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URGatorBait;n15142 said:
Ok, that's fair. I hadn't read the article, only Ox's quote, and the quote appeared to say it was a $60,000 policy.
A $60,000 policy would be like 50 cents.
 

ppinesgator

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I promise you that as I write this there are some actuaries at some giant insurance company pouring over college athletes' injury data. There will be news product to insure all the athletes at colleges, all under one policy, with set dollar limits per pay out. Obviously, the football and basketball players are the highest risk. Coverage will be limited to athletes suffering career-ending injuries. First company to market this will make a pile of money if they price it.

Maybe I should start sending out a resume.... wouldn't that be a fun job pitching this to college AD's?:raisehand:
 

oxrageous

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ppinesgator;n15171 said:
I promise you that as I write this there are some actuaries at some giant insurance company pouring over college athletes' injury data. There will be news product to insure all the athletes at colleges, all under one policy, with set dollar limits per pay out. Obviously, the football and basketball players are the highest risk. Coverage will be limited to athletes suffering career-ending injuries. First company to market this will make a pile of money if they price it.

Maybe I should start sending out a resume.... wouldn't that be a fun job pitching this to college AD's?:raisehand:
Yeah, that is until the NCAA decides it's a slippery slope and bans the whole process. That could happen any minute now that this news is out there.

My Dad was asking the other day how Jameis Winston can afford a huge insurance policy - he read in an article he had one. Well, now we know. FSU must have picked up the tab.
 

VulcanAlex

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URGatorBait said:
oxrageous;n15120 said:
It’s a good deal for A&M’s football program and for Ogbuehi, but as with virtually every story about the NCAA, it also raises questions about the NCAA’s definition of amateurism. Why is it OK for a school to pay for a player’s $60,000 insurance policy in one case, but not OK for a school to pay for a few bucks worth of pasta in another case? And when many student-athletes are just trying to make ends meet, is it really the best use of Student Assistance Fund money to spend $60,000 on a player who could have, if he wanted to, left for the NFL and made millions?

The quote seems a little funny. It's a $60,000 policy, that doesn't necessarily mean the school would be paying $60,000...they'd be paying premiums towards it. And could be a good thing if they can transfer it to the player once they leave the school, and it's their own policy.

Secondly, this provides assistance, without directly paying players, which would almost assuredly cost a lot more than these policies will cost, and this doesn't necessarily create a recruiting advantage.

Also, how many student athletes, particularly football players are really struggling in Div 1 football? Most of them have all their meals paid for...though I'd support schools helping with clothing.
Reading the article the premium is 60K the payoff if needed is much more in the millions.
 

VulcanAlex

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I like this idea but think it should be a part of the recruitment for every player. The amount you get needs to be set objectively by some criteria.
 

Swamp Donkey

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oxrageous;n15174 said:
Yeah, that is until the NCAA decides it's a slippery slope and bans the whole process. That could happen any minute now that this news is out there.
The NCAA is run by 1200 dwarves, all the lil pissant colleges and directional universities. They'd probably love to ban the process but I think right now they are more worried about the Power Conferences leaving or the courts ruling against them in some way and taking away their sacred cow (March Madness money).
 

t-gator

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oxrageous;n15158 said:
A $60,000 policy would be like 50 cents.
Well if that's the case I'm going to take a policy out on myself can you put a crow bar to my knees?
 

TheDouglas78

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In the 1990's Ed Chester had an insurance policy on his knees. Which after his career at Florida he took the payment instead of chasing the NFL. I believe his family paid for that though.
 

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