Florida State protects its assets, and the school’s primary asset at the moment is quarterback Jameis Winston.
The school agreed to pay part of Winston’s $10 million disability and loss of value insurance policy, according to ESPN.com’s Jared Shanker.
The amount Florida State will contribute hasn’t been publicly revealed, but the estimated premium on the policy is in upwards of $60,000.
Florida State will pay its share out of the school’s Student Assistant Fund. The Student Assistant Fund was created “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.”
Winston is the second high-profile NFL prospect to receive similar assistance. Texas A&M did the same for offensive tackle Cedric Ogbuehi to help sway his decision.
Florida State head coach Jimbo Fisher fully advocates this type of assistance to keep athletes in school.
“To me, that’s the greatest thing that’s going on in college sports today because it keeps kids in school,” Fisher said during ACC Media Days. “They all want to leave for the money. If I know the money is guaranteed, I can stay and get a college degree.”
Florida State is clearly investing long-term in their Heisman Trophy winner. Winston, who led Florida State to an ACC title and a national championship, is eligible to leave for the NFL after this season. By investing in Winston now, it could persuade the quarterback to stay in Tallahassee beyond the spring of 2015.
After all, Winston’s father, Antonor Winston, already wants his son “to succeed with one more year in baseball and two more years in football.”
Florida State just may have bought itself a little more time.