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Player Insurance - Paid for by University - A&M paid 50K
Posted on 7/17/14 at 11:41 am
Posted on 7/17/14 at 11:41 am
I may have missed this.. but Texas A&M paid 50K for insurance which helped Ogbuehi return.. this seems like it could be a game changer in College athletics.. I wonder if any of our guys would have stayed over the past few years if LSU paid
LINK
LINK
Posted on 7/17/14 at 11:46 am to Mr.Perfect
quote:
Is that legal?
Apparently so..
quote:
Problem is, many top college athletes still may not have the resources to foot the bill on premiums that could be close to six figures.
Texas A&M, though, had researched a newer NCAA rule that offered them some flexibility, where the school itself could actually pay the difference out of the Student Assistance Fund, which each school has at its disposal to cover things such as the cost of post-eligibility financial aid, or if a student-athlete can't afford to travel home in cases of emergency, or if they need a suit to wear to university functions or events like SEC Media Days.
It's not an unlimited pool, and the NCAA creates its yearly limit for all schools so each has to budget where its money goes for that year. According to the SEC office, last year each of its members allotted $350,000 for the fund.
Moore, the associate AD for football, told FOX Sports that the school didn't know it could tap into that fund until this year to help with the loss-of-value insurance policy for a case like Ogbuehi's. "I don't think many schools know about it," Moore said Tuesday. "It's a game-changer."
Posted on 7/17/14 at 11:47 am to Mr.Perfect
quote:
Is that legal?
apparently so.
However, I would love to know more information on this. If true, it would be a major sell to keep kids for a fourth or fifth year.
Posted on 7/17/14 at 11:48 am to Mr.Perfect
Don't see how. It is an indirect way to pay a player to stay in school. Which of course means the NCAA won't do a thing about it.
Posted on 7/17/14 at 11:55 am to yaherrdme
quote:
Don't look for the Student Assistance Fund to be a stop-gap for droves of underclassmen declaring early eligibility, however. The fund isn't bottomless ($350,000 per school in the SEC last year, according to the report), and it's intended to assist all student-athletes. As such, it wouldn't take many football insurance policies to exhaust the reserve to the detriment of a school's other athletes.
Posted on 7/17/14 at 12:18 pm to Captain Crown
I don't know... Maybe we could make a deal with the insurance company to cover a group of returning seniors for a lower price. A multiplayer discount of sorts
Posted on 7/17/14 at 12:42 pm to Mr.Perfect
quote:I don't pretend to know if it is legal or not. But, I would be surprised if A&M didn't run this by the NCAA first.
Is that legal?
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