Report: Jameis Winston Purchased $8-$10M Insurance Policy
Yahoo Sports is reporting that Florida State and Heisman Trophy winning quarterback Jameis Winston, has taken out an $8-$10 million insurance policy in case of injury.
Florida State University quarterback and Heisman Trophy winner Jameis Winston has purchased a large disability and “loss of value” policy that provides him with $8 million to $10 million in insurance coverage, a source close to the situation told Yahoo Sports.
According to the source, Winston is the first returning Heisman Trophy winner since former Oklahoma quarterback Sam Bradford to purchase preseason loss of value coverage, though other returning winners have purchased “total permanent disability” coverage during that time frame. Winston’s policy is based on a projection that he will be selected in the top 10 of the 2015 NFL draft and would theoretically pay out if he fell out of the first round due to injury or illness.
Winston’s policy is based on a projection that he will be selected in the top 10 of the 2015 NFL draft. He would only collect on the policy if injury derailed his career.
Reports say Winston would only purchase the insurance if he indeed plan to declare for the draft.