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FSU is the new FIU- Free Insurance University

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TRock305

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Multiple publications are reporting that FSU is paying $50k or $60k per year to keep Winston from turning pro by picking up the tab for his pre-draft insurance policy. How this is permissible by the NCAA, I have no idea. I guess they will justify it because, as Jimbo was quoted as saying: "it keeps kids in school." So do free cars and dinners. SMH.

First there was "adopt a Gator," now this...
 
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TRock305 said:
Multiple publications are reporting that FSU is paying $50k or $60k per year to keep Winston from turning pro by picking up the tab for his pre-draft insurance policy. How this is permissible by the NCAA, I have no idea. I guess they will justify it because, as Jimbo was quoted as saying: "it keeps kids in school." So do free cars and dinners. SMH.

First there was "adopt a Gator," now this...
Click to expand...

If it's not against the rules I have no problem with it... if we had a Qb with his talent we better do the same thing especially with our luck at the position for the last decade.
 
I'm really over worrying about FSU at this point. They're the defending champs, and we're coming off our best season in a long time, which was 9-4, which says all you need to know. Let's worry about Miami.
 
These schools are always finding the loopholes in the ridiculous system that we call the NCAA.
 
FG305 said:
TRock305 said:
Multiple publications are reporting that FSU is paying $50k or $60k per year to keep Winston from turning pro by picking up the tab for his pre-draft insurance policy. How this is permissible by the NCAA, I have no idea. I guess they will justify it because, as Jimbo was quoted as saying: "it keeps kids in school." So do free cars and dinners. SMH.

First there was "adopt a Gator," now this...
Click to expand...

If it's not against the rules I have no problem with it... if we had a Qb with his talent we better do the same thing especially with our luck at the position for the last decade.
Click to expand...

As if all schools can afford to do the same... Shouldn't be allowed.

Btw, could this affect FSU's liability if he is accused of assaulting another girl on campus? They are now affirmatively paying to keep him on campus with other students. This could conceivably create some interesting issues.
 
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Texas A&M did it first with their LT who stayed this year instead of going into the draft.
 
I'm glad if they keep him another year. This punk is a time bomb and will damage the criminoles. They will get what they deserve.
 
TRock305 said:
As if all schools can afford to do the same... Shouldn't be allowed.

Btw, could this affect FSU's liability if he is accused of assaulting another girl on campus? They are now affirmatively paying to keep him on campus with other students. This could conceivably create some interesting issues.
Click to expand...

Miami can't afford to hire Nick Saban, so no other school should be allowed to either? How does that work? Look, it's early. Maybe you got up, got yourself a bowl of cereal, flipped on some People's Court. Gotta chill on the pretend lawyering though.
 
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Gatorhater said:
I'm glad if they keep him another year. This punk is a time bomb and will damage the criminoles. They will get what they deserve.
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I don't think you've really thought this through.

You're willing to trade the 1%< chance he gets arrested for a crime that won't get covered up and swept under the rug by the Tallahassee PD, in exchange for the higher percentage chance of him leading FSU to the playoffs and possibly another title? If allegedly raping a chick didn't stain FSU, what is a likely crime that he would commit that you'd be willing to trade another FSU title for? I mean I don't think he's going to get busted for becoming some sort of international arms dealer, so I'd be more than happy if he went to the NFL instead of sticking around and having more success in college.
 
Republicane said:
Gatorhater said:
I'm glad if they keep him another year. This punk is a time bomb and will damage the criminoles. They will get what they deserve.
Click to expand...

I don't think you've really thought this through.

You're willing to trade the 1%< chance he gets arrested for a crime that won't get covered up and swept under the rug by the Tallahassee PD, in exchange for the higher percentage chance of him leading FSU to the playoffs and possibly another title? If allegedly raping a chick didn't stain FSU, what is a likely crime that he would commit that you'd be willing to trade another FSU title for? I mean I don't think he's going to get busted for becoming some sort of international arms dealer, so I'd be more than happy if he went to the NFL instead of sticking around and having more success in college.
Click to expand...

If Rapist doesn't go to NFL this year, it will be because they are blackmailing him with something that has not come out yet. A friggin insurance policy is not keeping him in school an extra year. He suffers usual sophomore slump this year and bails-- unless Dumbo has something to hold him. I put nothing pass criminoles. They were always dirty. The only reason we didn't hate them was that we always bet them.
 
FG305 said:
TRock305 said:
Multiple publications are reporting that FSU is paying $50k or $60k per year to keep Winston from turning pro by picking up the tab for his pre-draft insurance policy. How this is permissible by the NCAA, I have no idea. I guess they will justify it because, as Jimbo was quoted as saying: "it keeps kids in school." So do free cars and dinners. SMH.

First there was "adopt a Gator," now this...
Click to expand...

If it's not against the rules I have no problem with it... if we had a Qb with his talent we better do the same thing especially with our luck at the po for the last decade.
Click to expand...

Republicane said:
TRock305 said:
As if all schools can afford to do the same... Shouldn't be allowed.

Btw, could this affect FSU's liability if he is accused of assaulting another girl on campus? They are now affirmatively paying to keep him on campus with other students. This could conceivably create some interesting issues.
Click to expand...

Miami can't afford to hire Nick Saban, so no other school should be allowed to either? How does that work? Look, it's early. Maybe you got up, got yourself a bowl of cereal, flipped on some People's Court. Gotta chill on the pretend lawyering though.
Click to expand...

Paying a coach provides no direct financial benefit to an amateur athlete. An insurance policy is an asset and it has value. If Winston gets seriously injured this year, he will get paid up to $10 million for playing at FSU, and FSU will have secured that payment for him. He is now a professional player, end of story. How the NCAA can threaten the death penalty because a couple of UM players received a free dinner at Benihana, but this is ok, is beyond ridiculous. The only plausible reason for the difference in treatment is that the NCAA does not get a cut from the Benihana dinner; it stands to benefit from Winston staying at FSU, however.
 
I have no problem with this. In fact we should have The Duke on the same insurance program. Especially as a RB. This should be a standard for NCAA considering how much they profit off the athletes.
 
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50k per year pales in comparison to how much money he would make in the NFL so I doubt it has much effect. If he wants to stay he will, if he wants to go pro he will, this will have little to no effect.
 
That's not how this works. FSU pays $60k; Winston gets $10 million if his draft stock goes down. Most players in his position would say they can't risk an injury in college and would opt for the pros. This is FSU saying: "forget the risk, we'll get you $10 million if your draft stock falls because you opted to play for us." Other players procure this sort of insurance on their own, and my understanding is that some insurers even permit much of the premium to be paid after the athlete signs a pro contract. Not Winston, paid in full, compliments of FSU.

Some of you seem ok with this, but if you are, it's probably because you think college players should be paid in the first place-- which may be a legitimate position, but lets not pretend that Winston remains an amateur athlete.

Ramifications? Look for blue chip recruits to start demanding these sorts of policies before even signing with schools. Then "agents" of the HS recruits (remember Bryce Brown's advisor?) will start demanding higher and higher policy assurances before they sign with a school. Let the insurance bidding wars begin. Who benefits? NCAA and insurance companies.

And what about Title 9? Will FSU need to offer a similar insurance deal to a female athlete? Perhaps it should offer rape insurance to the girl who accused Winston of assaulting her-- so, she gets $10 million if a FSU player assaults her again before she graduates. Time to put on your underwriter hats-- would the premium for such a rape policy cost FSU more or less than the Winston policy?

Alright, that hypo may have been a bit much... but this insurance benefit thing is setting a bad precedent. The illusion of amateur athletics is gone.
 
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This is not against the rules. There are funds that allow schools to spend money on players for suits, other necessities, etc. for media days, heisman ceremonies, etc. FSU is using that money for his insurance and it is perfectly legal according to NCAA.

There was an article recently about how the SEC has been doing this for years. Google is a friend.
 
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Republicane9 said:
This is not against the rules. There are funds that allow schools to spend money on players for suits, other necessities, etc. for media days, heisman ceremonies, etc. FSU is using that money for his insurance and it is perfectly legal according to NCAA.

There was an article recently about how the SEC has been doing this for years. Google is a friend.
Click to expand...

Well, if the SEC is doing it, it must be alright... My understanding is that only TAM has done this (prior to Free Shoes/Insurance U), and it only did it once.
 
I thought I remember McGahee having an insurance policy. I thought I remember reading something about him saying he was going to rehab and get drafted high so he didn't have to cash it in. I could be wrong... but if he did have a policy... just wondering who paid for it, us or him.

Although that was 10+ years ago and rules might have changed since then.
 
post499 said:
I thought I remember McGahee having an insurance policy. I thought I remember reading something about him saying he was going to rehab and get drafted high so he didn't have to cash it in. I could be wrong... but if he did have a policy... just wondering who paid for it, us or him.

Although that was 10+ years ago and rules might have changed since then.
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McGahee procured his own policy for $2.5 million. He paid less tha $20k for it out of his pro contract. UM did not buy it for him.

There is a Sun Sentinel article about it online.
 
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