I heard on the radio recently that colleges are now offering players huge insurance policies in case of injury (sometimes in vicinity of $20 million) to get them to stay longer at their colleges. They do not want them declaring for the NFL draft as early as they have been doing. This has been going on for a while, but they were saying it is becoming even a bigger practice with larger policies. I wonder if this will convince more guys to stay an extra year or so. If they think staying could possibly improve their draft position in a subsequent draft then the right insurance policy could be a win/win.
I haven't heard anything more about this after that QB from Northeastern (couple of years ago) was pushing to "unionize" college athletes for benefits vs what athletes bring to the school (hint: $$$).
I guess not, because the guys on the radio said it is already happening. Keep in mind they wouldn't ever see any of that money unless they had a career ending injury. Therefore, their college careers would have essentially ended before they ever received the money.
If I'm not mistaken, it's been an option for any and all collegiate athletes to pay for their own insurance policy. I don't believe the school pays. If I'm not mistaken the rb from S. Carolina had a policy when he destroyed his knee in his last game in college. Latimore? I'm really not sure if that is his name. He was drafted late by the niners if my memory serves me right. But to the point, it's something the individual athlete must pay for. Feel free to correct me if I'm wrong.
"Loss-of-value insurance has been available to any college athlete who could afford it, but colleges have recently begun paying for premiums out of their student assistance funds, which the N.C.A.A. allows." Link: https://mobile.nytimes.com/2015/05/...go-draft.html?referer=https://duckduckgo.com/
