The Bama NIL On Another Level

[WoodsmanVol]

Well, how about that. Bama gives draft money.
Former Alabama RB explains why Tide players should not opt out of Sugar Bowl

 

[CAVPUT]

I didn't read it that way. I took it that they've literally got insurance policies, but I guess one could argue that it's "insurance" and not insurance like Lloyds of London back in the day.

 

[bamawriter]

The NCAA legalized this a few years back. I'm willing to bet that most, if not all, of the power five schools offer these plans.

 

[SpookyAction]

I didn't read it that way. I took it that they've literally got insurance policies, but I guess one could argue that it's "insurance" and not insurance like Lloyds of London back in the day.

They are called a loss-of-value insurance policy. They are expensive and finely worded to clearly limit which circumstances warrant the Big payout.
Leonard Fournette had a $10 million policy against a serious injury damaging his potential value as an early NFL draftee.
It will even payout if the players damages their draft stock and gets drafted lower than expected prior to signing the policy.

 

[Ned Ray McWorkher]

Interesting article.

 

[GVF]

They are called a loss-of-value insurance policy. They are expensive and finely worded to clearly limit which circumstances warrant the Big payout.
Leonard Fournette had a $10 million policy against a serious injury damaging his potential value as an early NFL draftee.
It will even payout if the players damages their draft stock and gets drafted lower than expected prior to signing the policy.

Shuler had a $7mil policy on his arm with Lloyd's of London back then. Same premise, just modernized.

 

[GVF]

They are called a loss-of-value insurance policy. They are expensive and finely worded to clearly limit which circumstances warrant the Big payout.
Leonard Fournette had a $10 million policy against a serious injury damaging his potential value as an early NFL draftee.
It will even payout if the players damages their draft stock and gets drafted lower than expected prior to signing the policy.[/QUOTE

With these policies, the only thing a player truly avoids is a career ending injury, and the probability of that is low. And you face these potential injuries every day in practice, every game, walking to class, first day at NFL early arivals, etc, etc. Can't avoid risk of injury, or freak accidents anywhere in life. No regrets.

 

[SayUWantAreVOLution]

With these policies, the only thing a player truly avoids is a career ending injury, and the probability of that is low. And you face these potential injuries every day in practice, every game, walking to class, first day at NFL early arivals, etc, etc. Can't avoid risk of injury, or freak accidents anywhere in life. No regrets.

Actually, they've paid off on loss of draft potential, not career ending injuries.

If a guy drops from 1st round to 3rd, that's a pretty fair amount of money. I read that they "claw back" some of the money based on where the guy is drafted and the difference from where he would've been. It's really only offered to first round, pretty high first round I think, players.