NIL, Bowl Games, Insurance

[RabunRaven]

Here is what I don't know but would be curious about:

Take player A - first round expectations - about mid-way. Let's go a step further and say at that spot, this player A was the third overall receiver taken. And for giggles, let's say on average that kind of spot and position gets a 3 year contract for a total of $15 million.

Would it not be unreasonable for a group like the Volunteer Club (which I joined last week) or another NIL sponsor to buy an insurance policy for player A that would pay out that amount if he did get hurt in a bowl game? Just wondering how the NIL etc. could play into something like this...

I mean that would be more guaranteed money than the unknowns of the draft , right?

 

[OldLofter]

Here is what I don't know but would be curious about:

Take player A - first round expectations - about mid-way. Let's go a step further and say at that spot, this player A was the third overall receiver taken. And for giggles, let's say on average that kind of spot and position gets a 3 year contract for a total of $15 million.

Would it not be unreasonable for a group like the Volunteer Club (which I joined last week) or another NIL sponsor to buy an insurance policy for player A that would pay out that amount if he did get hurt in a bowl game? Just wondering how the NIL etc. could play into something like this...

I mean that would be more guaranteed money than the unknowns of the draft , right?

Do you happen to sell insurance?

 

[DaddyChad]

Amazes me what fans come up with sometimes. If we were in the playoffs there’s way more incentive to play. If a player is going pro and has a chance at life changing money I don’t see them playing. Hell it’s arguably better for the program for them to get drafted high than win a non playoff game and suffer an injury that drops them in the draft. Jmo

 

[RabunRaven]

Amazes me what fans come up with sometimes. If we were in the playoffs there’s way more incentive to play. If a player is going pro and has a chance at life changing money I don’t see them playing. Hell it’s arguably better for the program for them to get drafted high than win a non playoff game and suffer an injury that drops them in the draft. Jmo

BTW here is an example of Penn State's NIL doing just this. So it amazes me sometimes how fans are so closed minded. If I were you, I would hold off on applying for any NIL job.

We Are ... NIL
We Are ... NIL founder Michael Krentzman initially planned to operate a subscription-based collective similar to the others. Then he landed on another idea: catastrophic disability insurance.
We Are ... NIL has purchased policies for four Penn State players: Caedan Wallace, Adisa Isaac, Brenton Strange and Dvon Ellies. Its insurance carrier has approved policies for another nine players, some of whom are freshmen, Krentzman said. The collective is selling memberships and fundraising to buy additional policies.
Krentzman called insurance a new gateway for NIL. He expects it to be a recruiting pitch, a retention tool and perhaps even a reason for players to consider playing in bowl games.

How Penn State's NIL Collectives Are Confronting the Transfer Portal

 

[RabunRaven]

Do you happen to sell insurance?

No. But apparently some who can think outside the box do... and they are finding buyers at Penn State.

We Are ... NIL
We Are ... NIL founder Michael Krentzman initially planned to operate a subscription-based collective similar to the others. Then he landed on another idea: catastrophic disability insurance.
We Are ... NIL has purchased policies for four Penn State players: Caedan Wallace, Adisa Isaac, Brenton Strange and Dvon Ellies. Its insurance carrier has approved policies for another nine players, some of whom are freshmen, Krentzman said. The collective is selling memberships and fundraising to buy additional policies.
Krentzman called insurance a new gateway for NIL. He expects it to be a recruiting pitch, a retention tool and perhaps even a reason for players to consider playing in bowl games.

How Penn State's NIL Collectives Are Confronting the Transfer Portal

 

[Vol865]

Amazes me what fans come up with sometimes. If we were in the playoffs there’s way more incentive to play. If a player is going pro and has a chance at life changing money I don’t see them playing. Hell it’s arguably better for the program for them to get drafted high than win a non playoff game and suffer an injury that drops them in the draft. Jmo

A NY6 win is still a big deal and it's against a good opponent. That's an opportunity to show your ability against good competition.

 

[Boone&Crockett]

No. But apparently some who can think outside the box do... and they are finding buyers at Penn State.

We Are ... NIL
We Are ... NIL founder Michael Krentzman initially planned to operate a subscription-based collective similar to the others. Then he landed on another idea: catastrophic disability insurance.
We Are ... NIL has purchased policies for four Penn State players: Caedan Wallace, Adisa Isaac, Brenton Strange and Dvon Ellies. Its insurance carrier has approved policies for another nine players, some of whom are freshmen, Krentzman said. The collective is selling memberships and fundraising to buy additional policies.
Krentzman called insurance a new gateway for NIL. He expects it to be a recruiting pitch, a retention tool and perhaps even a reason for players to consider playing in bowl games.

How Penn State's NIL Collectives Are Confronting the Transfer Portal

I think Its smart, while a torn ACL is not typically a career ending injury it does shorten a players potential playing time, two injuries like this usually spells the end for a playing career but the insurance policy would help settle minds about a Marcus Lattimore situation where his career would be over and they were not able to cash that big check they are all trying to get in the Pro's for, this in and of itself may give players peace of mind as far as injury in the bowl game costing them a career.

 

[VolDave53]

If I recall correctly, Manning had insurance for his last bowl game at UT.

It is interesting in that insurance is not counted as taxable income. So the amount could be considerably higher than if the player actually got the NFL contract because of the tax implications, the lack of agency fees, state taxes, etc.

 

[ClearwaterVol]

Part of the equation is the lost time in getting to the player's second contract.

 

[TheVolsFrog]

BTW here is an example of Penn State's NIL doing just this. So it amazes me sometimes how fans are so closed minded. If I were you, I would hold off on applying for any NIL job.

We Are ... NIL
We Are ... NIL founder Michael Krentzman initially planned to operate a subscription-based collective similar to the others. Then he landed on another idea: catastrophic disability insurance.
We Are ... NIL has purchased policies for four Penn State players: Caedan Wallace, Adisa Isaac, Brenton Strange and Dvon Ellies. Its insurance carrier has approved policies for another nine players, some of whom are freshmen, Krentzman said. The collective is selling memberships and fundraising to buy additional policies.
Krentzman called insurance a new gateway for NIL. He expects it to be a recruiting pitch, a retention tool and perhaps even a reason for players to consider playing in bowl games.

How Penn State's NIL Collectives Are Confronting the Transfer Portal

I guess the question is how much are you making in NIL and how much would a policy cost and payout

 

[RabunRaven]

Part of the equation is the lost time in getting to the player's second contract.

Good point. I wonder, on average, how many NFL players ever get to the second contract. The average player in the NFL plays 3.3 years. So in that light, a nice insurance payoff at the collegiate level might be as lucrative as the average NFL career.

 

[DrTNT]

Amazes me what fans come up with sometimes. If we were in the playoffs there’s way more incentive to play. If a player is going pro and has a chance at life changing money I don’t see them playing. Hell it’s arguably better for the program for them to get drafted high than win a non playoff game and suffer an injury that drops them in the draft. Jmo

I disagree, just because it is not a playoff game does not mean it isn’t important. The orange bowl is a great bowl game! It isn’t some pre-Christmas day bowl you sneeze at, it is the prime time game typically a New Year’s Day bowl (this year is weird b/c 1/1 is on a Sunday…)