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As we have read, the P5 want to provide more for their athletes....
FSU has purchased a $60,000 insurance policy for their franchise QB.....
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TALLAHASSEE, Fla. -- Jameis Winston purchased a $10 million disability and loss of value insurance policy, and Florida State is footing part of the bill.
A Florida State spokesman confirmed to ESPN.com on Monday that the university is paying for the reigning Heisman Trophy winner's loss of value policy with the school's Student Assistant Fund.
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Streeter Lecka/Getty ImagesJameis Winston threw an ACC-record 40 touchdowns last season. Before this season, he took out a $10 million insurance policy, paid for in part by FSU.
The spokesman did not provide a specific number as to how much the university is paying. The website Tomahawk Nation, which first reported the news, said Florida State will pay a premium in the $55,000 to $60,000 range.
Sources told ESPN.com's Darren Rovell in July that the $10 million policy is split equally between a permanent disability policy, which Winston would collect if he were injured and could never play again, and a loss of value policy, which he would collect at least a percentage of if he fell in the draft. Winston is projected to be a high first-round selection -- potentially No. 1 -- in the 2015 NFL draft if he declares following his redshirt sophomore season.
The NCAA's website states the Student Assistant Fund "shall be used to assist student-athletes in meeting financial needs that arise in conjunction with participation in intercollegiate athletics, enrollment in an academic curriculum or that recognize academic achievement."
The website adds the responsibility of the oversight and administration of funds, including interpretations of how the fund can be used, lies with the conferences."
FSU has purchased a $60,000 insurance policy for their franchise QB.....
"
TALLAHASSEE, Fla. -- Jameis Winston purchased a $10 million disability and loss of value insurance policy, and Florida State is footing part of the bill.
A Florida State spokesman confirmed to ESPN.com on Monday that the university is paying for the reigning Heisman Trophy winner's loss of value policy with the school's Student Assistant Fund.
[+] Enlarge
Streeter Lecka/Getty ImagesJameis Winston threw an ACC-record 40 touchdowns last season. Before this season, he took out a $10 million insurance policy, paid for in part by FSU.
The spokesman did not provide a specific number as to how much the university is paying. The website Tomahawk Nation, which first reported the news, said Florida State will pay a premium in the $55,000 to $60,000 range.
Sources told ESPN.com's Darren Rovell in July that the $10 million policy is split equally between a permanent disability policy, which Winston would collect if he were injured and could never play again, and a loss of value policy, which he would collect at least a percentage of if he fell in the draft. Winston is projected to be a high first-round selection -- potentially No. 1 -- in the 2015 NFL draft if he declares following his redshirt sophomore season.
The NCAA's website states the Student Assistant Fund "shall be used to assist student-athletes in meeting financial needs that arise in conjunction with participation in intercollegiate athletics, enrollment in an academic curriculum or that recognize academic achievement."
The website adds the responsibility of the oversight and administration of funds, including interpretations of how the fund can be used, lies with the conferences."