Clowney buys insurance policy
Thursday, March 7, 2013
COLUMBIA, S.C. — South Carolina All-American Jadeveon Clowney has purchased a $5 million insurance policy to protect himself financially for the 2013 season.
Clowney said Thursday his family bought the policy earlier this year. The NCAA’s “Exceptional Student-Athlete Disability Program” permits qualifying athletes in football, men’s and women’s basketball, baseball and ice hockey, to take out a loan to help finance the cost of the policy, which they must repay upon signing a pro contract.
The $5 million is the maximum amount allowed and such policies cost about $30,000.
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