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Clowney secures $5 million NCAA insurance policy

Jadeveon Clowney, Talh Boyd AP

Hey, if it’s good enough for the reigning Heisman Trophy winner, it’s good enough for one of the front-runners for the 2013 version of the award.

South Carolina defensive end Jadeveon Clowneyhe of the freakish 4.5 40-yard dash at 270-plus pounds — confirmed to reporters Thursday that he has indeed secured a $5 million insurance policy through the NCAA.  That figure is the maximum amount allowed under current NCAA guidelines.

The premium for such a policy, which falls under the auspices of the “Exceptional Student-Athlete Disability Program,” is in the neighborhood of $40,000 annually.  The NCAA will finance the the money needed to cover the premium — at a low-interest rate that would be paid back upon returning pro, incidentally — although the policy would only pay out upon a player suffering a career-ending injury.

If Clowney were to suffer an injury that negatively impacted his draft stock — he’s widely expected to make the early leap to the NFL in 2014 and is the prohibitive favorite to be the first player selected — but was not career-ending, the lineman would receive no money from the policy.

Clowney could also go through a private insurer to secure a policy, although the NCAA would not help with the payment of the premium in such a case.

There’s no word on whether Vincent Smith will seek a similar policy, although it’s better to be safe than sorry as you never know when you may run into Clowney during the postseason.

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7 Responses to “Clowney secures $5 million NCAA insurance policy”
  1. Deb says: Mar 7, 2013 9:50 PM

    Happy he’s got some insurance cushion, but the frenzied insistence that he should sit out is bizarre. It would be tragic if an injury killed his chances to earn the millions that would come with a high first-round draft selection. But that’s the risk of a sports career. Players can’t just sit and atrophy for a season, hoping their draft stock won’t fall. Who wants to draft a China doll?

  2. floridacock says: Mar 7, 2013 11:40 PM

    Ryan Leaf and Tony Mandarich. Two sure fire players who busted. Clowney needs another year of seasoning and experience. Never heard this argument when Luck was going into his senior year. Just plain bizarre! Probably a Clempson ploy.

  3. barnesaintnoble says: Mar 8, 2013 12:38 AM

    It’s really a make it or break it season for those Clempson Wildpats..

  4. gatorprof says: Mar 8, 2013 6:27 AM

    Glad to see this. I still remember the Ed Chester situation here at UF. I am happy that his position coach suggested he get a policy like this.

    http://www.sptimes.com/2003/07/27/Sports/Policy_pays_for_forme.shtml

    floridacock,

    You weren’t paying attention. Almost all guys projected to go high are directed to get coverage in case of injury….including Luck.

    http://aol.sportingnews.com/ncaa-football/story/2011-02-24/stanford-qb-andrew-luck-secures-multi-million-dollar-insurance-policy

  5. florida727 says: Mar 8, 2013 9:38 AM

    Who determines if it’s “career ending”? What if the player says, gee, I can’t play like this, too much pain? I’d love to read the language in the policy. I’ve worked in the insurance sector for a long time, and unfortunately I can tell you firsthand that the goal of every insurance company is to NOT pay out whenever they can avoid it. Personally, I hope he stays healthy, has a great season, and breaks the proverbial bank, and the insurance policy becomes a moot point.

  6. classyjacklambert says: Mar 8, 2013 9:57 AM

    I’m sorry, how is this a Clemson play and why can’t South Carolina fans accurately spell Clemson? Speaks a lot regarding the level of their education.

  7. ryanw822 says: Mar 8, 2013 10:22 PM

    Somewhere Alvin Mack is still sitting on his porch wishing he had taken out an insurance policy.

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