South Carolina’s Jadeveon Clowney obtains $5 million insurance policy

Clowney

South Carolina All-American defensive end Jadeveon Clowney has obtained a $5 million insurance policy through the NCAA, he said after Thursday’s practice.

The NCAA started its insurance program in 1990 and provides up to $5 million in coverage. The policies are now standard for high-profile college players like Clowney who either are not yet eligible for the NFL draft, or decide to return for their senior seasons.

Clowney, a junior, is considered a potential Heisman Trophy finalist in 2013 and is the presumptive No. 1 pick in the 2014 NFL draft. ESPN draft analyst Mel Kiper Jr. said he would’ve gone No. 1 if he was eligible this year.

Clowney getting insurance should surprise nobody. But he did say before USC’s bowl game that he didn’t plan to get it. USC defensive coordinator Lorenzo Ward, who helped recruit Clowney, said in January that the coaching staff would talk to Clowney about getting insurance.

The policies protect only against career-ending injuries, which are now uncommon because of medical advances. The NCAA sets up a loan for players’ families to purchase the insurance, which costs $8,000 to $9,000 per million dollars, according to Richard Salgado, who runs Coastal Advisors LLC, which provides insurance services to athletes.

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