Insurance industry experts found $ 1 million in disability insurance for two players in Colorado
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Game seriously
Colorado Football coach Devon Sanders made news headlines last month when he announced that the university had obtained record insurance coverage for the Hizan Trophy winner Travis Hunter and Quarterback Shader Sanders.
Documents obtained by USA Today Sports have now highlighted the insurance policies purchased by Colorado. Burial On December 28, 36-14, the Almu Bowl lost to BYU. The university re -prepared the players’ names on the documents, but USA Today Sports identified them as Hunter and Shadow Sanders based on several factors.
Records show that in addition to his last $ 20 million in PTD coverage for the year that began in August 2024, the school bought the school $ 10 million in additional permanent total disability (PTD) insurance.
“To cover the Valiro Alamo Bowl on December 18, 2024, by December 29,2024, to cover the Valiro Alamo Bowl by December 29,2024,” said Colorado officials of the firm Paradim Gilbert. “The current coverage is now for both players, 000 21,000,000.”
According to another email, after the bowl game, the amount of coverage will be returned to $ 20 million. Fortunately, neither Hunter nor Shadow Sanders suffered severe injury to the game.
Was this a good deal for Travis Hunter and Shadow Sanders?
Additional insurance brings extra comfort to mental peace. But in this case, the insurance industry experts found it strange to increase the million millions of permanent disability coverage for a game when they already had $ 20 million. The additional million costs 1 million at school each premium costs $ 1,030.
Richard Geller, a famous sports insurance recovery lawyer in Los Angeles, reviewed the documents at the request of USA Today Sports.
“It doesn’t make sense,” said Galler of the firm Greenspoon Marder. “I probably don’t just say that they have Million 21 million, which is 1 million more than other nearby policies?”
Did it really have the most money?
It is unclear what Devon Sanders was referring to on December 23, when he said the players had “covered college football so far.”
Colorado’s athletic director Rick George was sitting near his coach when he made the statement and said, “That’s right.” He said additional coverage is the idea of ​​Sanders.
Former Kansas basketball player Eric Chinoith, founder of Beverage Disability and Life Insurance Services, said he was not, regardless of his statements about the “high” quantity of Colorado coverage. But he said he had two policies in 2023 with two different college football players with a total of $ 26 million.
Referring to the laws of privacy, Colorado refused to expand.
“We stand with what coach prime and Rick said in our press conference in Alamedo Bowl,” said Steve Herlabert, a spokesman for Colorado Athletics, which was based on the information we currently have. “
The messages sent to Wokch were not returned.
What did Colorado pay for this coverage?
The documents state that it costs $ 1,030 in the premium on each of them. Documents indicate $ 20 million premiums in coverage throughout the year by various companies.
Documents also show delicate riders of injury up to 250,000 for years if the players tear their acne Kundra in addition to other serious injuries.
Was playing in the bowl game worth the risk of injury?
It depends on the point of view. Both Hunter and Shadow Sanders indicated that playing at their last college games is more for them at the financial risk.
The other top players of the college chose not to play in the bowl games because they did not want to be injured in them and threatened their financial future. “This is not the reason why the Hunter should play any meaningless bowl game, and its financial future is at risk,” Geller told USA Today Sports before the bowl game. “
If they were suffering from a career elimination in their last college sports, they would try to collect this insurance. But the money can still be less than what they will receive from future contracts and verification deals in the NFL that come with their NFL reputation. Both Hunter and Sanders are presented as top lunar in the NFL Draft in April.
Last year, the top choice in the draft, quarterback Calib WilliamsSigned a four -year deal, worth about $ 40 million.
Follow Reporter Brent Shruton Boer @schrotenboer. Email: bschrootenb@usatoday.com
