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FSU chips in on Winston's insurance

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#1
The Joker

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How is this not a violation????? The NCAA frowns on someone buying a sandwich for an athlete, but this is okay???? O_o

FSU chips in on Winston's insurance


By Jared Shanker | ESPN.com

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.

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.

Programs have rarely used the fund to help pay loss of value insurance policies, but a Fox Sports report documented how Texas A&M recently paid for the policy of star offensive lineman Cedric Ogbuehi, which helped convince Ogbuehi to forgo the 2014 NFL draft and return to Texas A&M.

The Florida State spokesman said the university's compliance department has been aware of the provision for quite some time.
Winston, who threw an ACC-record 40 touchdowns the past season, is eligible for the 2015 NFL draft. He was noncommittal at the ACC Kickoff earlier this month about whether he would declare following the 2014 season, but his father, Antonor, told AL.com in June that the plan is for Winston to play for Florida State in 2015. Florida State's paying for part of Winston's policy could, theoretically, help the odds that Winston returns for a fourth year.

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#2
bbqit

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That's a damn good sammich
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#3
SECorBust

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Slive and the big 5 are basically running Posted Image now.  They would be the ones to ask rather than what's his face over at the ncaa office.  

I'm guessing that they would say something like "Well we won't let him turn pro for another 2 years even though he obviously has the talent to make it.  This is a way that we can keep the best players in college ball and promote our brand without looking like complete douches."  It makes a mockery of a bedrock principle of college athletics and the NCAA, amateurism.  Our amateurism rules have always been somewhat of a joke, but when kids are only staying in school because they have an insurance policy to play pro ball their first priority obviously is not education.  Where is Jadeveon Clowney?

Did you miss this one?  There is an SECtalk discussion about it somewhere I think.
http://www.si.com/co...ggies-insurance

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#4
bbqit

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If kids cared about education over the nfl vandy would not have to recruit. We all would have to fight over the ones they turned down
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#5
Dawgfan4life24

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Thats a LOT of crab legs.

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#6
L.A.Hog

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So any pressure is off of Winston now,he has the potential to be rich without going pro?

Sweet deal....

#7
Tider27

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Sounds Auburn-ish. :trollface:

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#8
bobbyb0322

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We did it on one of out linemen this year. Its apparently allowed.

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#9
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It's definitely against the rules, because they clearly and specifically stipulate that any scholar-athlete benefit not available to all students is illegal.

Also, FSU has been doing this for some time, including with Winston, long before the Big 5 gained or even brought up autonomy; so it's not a product of that.

They created this special fund for athletes years ago, and it is not available to regular students; it is, therefore, illegal.

Nothing may come of it now that there's an autonomy discussion taking place; but if this story had broken a year ago, there'd have been something to it for the enforcement committee to look into.
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#10
bbqit

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Shouldn't they have to title 9 that decision?
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#11
GatorUnvrsty

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View Postbbqit, on 10 August 2014 - 11:48 AM, said:

Shouldn't they have to title 9 that decision?

I'm guessing the fund is available to female athletes too, at least in name and theory; how many females have actually been allowed to use it, if any, I have no idea... regardless, if it's not available to Myron, star student with no athletic ability whatsoever, it's impermissible.
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#12
Neil Caudle is Superman

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View PostGatorUnvrsty, on 10 August 2014 - 01:16 PM, said:



I'm guessing the fund is available to female athletes too, at least in name and theory; how many females have actually been allowed to use it, if any, I have no idea... regardless, if it's not available to Myron, star student with no athletic ability whatsoever, it's impermissible.

The problem with that is that if Myron the star student wants to leave college and take a high-paying job in his field of expertise, he's allowed to do so whenever he wants to. Winston isn't afforded that same freedom.


#13
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View PostNeil Caudle is Superman, on 10 August 2014 - 01:37 PM, said:

The problem with that is that if Myron the star student wants to leave college and take a high-paying job in his field of expertise, he's allowed to do so whenever he wants to. Winston isn't afforded that same freedom.

Sure he is; he has the freedom to leave school and do whatever he wants. The restriction on going to the NFL is an age restriction OF the NFL; so regardless of whether or not he's in school, he'd still have to be a certain age to be draft-eligible.

Additionally, that's not the only difference between Jameis and Myron; Myron likely has to pay his own tuition, whereas Winston does not... so Winston is already being compensated for his athletic participation.

Not only that, but Winston would never have had the grades to be able to enroll at FSU in the 1st place; which is something Myron had to accomplish to be accepted and able to attend.

And finally, all of this is completely irrelevant anyway; that's a whole other debate. Today there's a rule in place prohibiting benefits that are not available to the entire student body, plain and simple.
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