Jameis put out a 10 Million dollar Insurance Policy in case of injury. There is a Student Assistant Fund that other teams including FSU have used to help protect highly rated players. For example Texas A&M used it on and O-Line and with that he decided to return to school for his senior year. I get the point that it is trying to help the player come back and finish his education with taking some risk out if he gets hurt. IMO its like paying for a player to stay and win except he doesn't receive any of the $ unless he falls out of top 10 or gets injured like Latimore of South Carolina
FSU has been said to pay a premium of 55 to 60 for the policy and it is split evenly between permanent disability and a loss of value. SO if Jameis doesn't go lets say top 10 FSU/Jameis will receive a portion of that policy.
The NCAA's website states the Student Assistant Fund "shall be used to assist student-athletes in meeting financial needs that arise in conjunction with participation in intercollegiate athletics, enrollment in an academic curriculum or that recognize academic achievement."
I think its funny that Jameis gets to use this to his advantage, it seems like a way out in case he screws up again and decides to get arrested and ruin his own image. Why should he be able to take out a policy if he is the reason he slips in the draft. I'm sure there are many different clauses in this SAF but it just sounds like a way for the player/university to cover it ass.
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Definitely is a slippery slope, especially after pasta-gate and the female golfer being suspended for washing her car.
Edit: Link for car wash story...
here
Not to mention I think Oklahoma got in trouble for too much icing on a cookie? Really the NCAA is a joke and will only allow things that will benefit them. AKA if it will help them bring in $$ they're all for it.
There should be an academic/human side to the policy as well: Player has to keep a certain GPA/ clean arrest record.
I don't see FSU shelling out a policy for a DR. that is working to cure cancer, but hey the rapist can get a policy and we'll throw in 50-60k!
i'm not familiar with fsu's benefits package but if this hypothetical cancer curing doctor was an employee than they may well.
Not to mention some school getting their hand slapped for giving a player a ride in a golf cart on campus. The hypocrisy of the NCAA rules knows no limits.
That's not all they pay for
let me correct this for you:
An I sayed ta de crab. "you stolen den?"
he sayed, "Imma stolen wen you den stealing me"
I sayed, "You stolen den"
10 million? Now he'll be able to afford butter!
Also: Am I missing it? I don't see a link to the original story.
I'd like to read the details, but all jokes aside, I don't have a problem w/ players getting insurance policies.
That said, having the University pay for it seems a lot like an area ripe for abuse insofar as benefits go.
Florida State bending rules when it comes to players and what they're allowed to get away with off the field, in so far as to possibly funding something that is likely against the rules to help these kids, as well as making it an understood but never stated recruiting benefit over others?
That never happens
I'm gonna guess these policies are pretty well written by pretty good insurance pros looking to AVOID actually paying $10MM so I am going to bet that if he breaks the law and that results in him not playing again, that voids the policy.
As for these policies in general, I think its a good thing. It protects kids against the downside of their careers being terminated before they make any $. It's not like they are getting some benefit real time if nothing happens. As far as the university covering it, why not? Everyone wins and its all above board & NCAA approved. Maybe I'm in the minority here. But if my son was a potential first round pick but still had a year before he could actually declare for the draft, I'd be pretty happy this policy existed and that the institutions making millions/billions from the product he helped provide we willing to cover the bill.
This really reminds me of when I used to work in the corporate world and my senior staff found out that the company had gotten everyone life insurance. They were really surprised and while unusual, thought the company had gone out of its way to do something generous for them. Then I told them that the insurance only paid to the company so that it could recoup potential loss of income if they died while working there. It's practical business thinking, but the look on their faces was priceless.
I agree with the practicality. I'd hope my company is doing the same thing on their valuable resources considering it takes something like 18 months to get the engineers familiar enough with our products to run without training wheels.
That said, I imagine they pictured everyone on the BOD sitting around like this:
I think this is Florida State trying to get him to stick around for his redshirt junior and senior years. Despite what his Dad says, he is eligible for the NFL after this year.
I would agree with that, you also have to think is Jameis really the #1 QB?? Call me crazy but Marcus Mariotta is putting up just as impressive numbers without all the publicity/arrests/rape/stealnig/thugery
32 TD 9 rushing TD's 63% completion 4 Int 336 passing attempts
40 TD's 4 rushing TD's 66% completion and 10 Int's 384 passing attempts
Who is who??
A little off topic but I just noticed the quotes in your signature and literally laughed out loud.
thank you!
Understood, but I think the big difference is the offense you play in. FSU is well suited for the Pro style he would be playing in, while Oregon is the spread that is based on speed and big plays. I think Winston will miss Kelvin Benjamin dearly, but FSU will still have other WR and O-line talent to help him out this year (also O'leary who is probably the 2nd best TE behind Malleck)
yes to this as well it comes down to who drafts each QB, and I will say Jameis might be easier to fit into multiple schemes.
Mariotta will have a harder time getting use to NFL style but once he does he will tear it up too.
#VanillaVick
If he is a top 5 pick, he would be foolish not to leave.
We were going to do the same thing fro Mike back in 2001 if he came back. I remember Frank talking about that in an interview.
Sorry, y'all, but I'm about to put on my lawyer hat here...
I just don't understand how this "Student Assistant [sic] Fund" is any different to the NCAA than a booster giving a player of anything of value, such as a car, a rent-free house, or gas money.
FSU is likely only able to foot the $55K bill for this through a monetary gift from a booster or several boosters. So basically a booster is giving something of value to a player but through NCAA approved channels.
The article says that the NCAA's website states that the Student Assistance Fund "shall be used to assist student-athletes in meeting financial needs that arise in conjunction with participation in intercollegiate athletics, enrollment in an academic curriculum or that recognize academic achievement."
Couldn't it be argued that a booster's gifts to a player (cars, gas money, trips on a yacht... I'm looking at you Miami) are given for those same purposes?? A booster certainly could give gifts in an effort "to assist athletes in meeting financial needs that arise in conjunction with participation in athletics." I think most boosters would say this is their ultimate goal when gift giving (even though we all know it's mostly for recruiting purposes...).
So I guess I just don't get why this is okay. Isn't it unfair that one player gets $10 million dollars worth of insurance protection paid for by their school (boosters) and another player at another school with less resources (less boosters with less money, or boosters that are not willing to bring NCAA scrutiny upon their school) and the same ability gets zero coverage and zero payout if something goes wrong.
Obviously, I think the NCAA is ridiculous in general and they implement their rules with no rhyme or reason simply to suit themselves. But do any of you have any thoughts on why the Student Assistance Fund is acceptable but booster assistance to individual players is not?
Other than the fact that the Fund is controlled by the NCAA, it still seems equivalent to me. In my head, what the Fund does and the boosters do is the same.
I know I'm looking at this in an incredibly simplistic manner, but if any of you have any information that may be useful or a different perspective, I'd appreciate it.
Because Booster assistance would influence recruits 10000 times more. This Student Assistance Fund is different because you have to be a top 5 pick in the next years draft. There are many rules about the Fund but its so unknown it looks like a way to exploit it.
I mean heck what if we would have given this Student Assistance Fund to David Wilson... I wonder what would have happened especially with the recent news?
I was thinking that there had to be some super narrow circumstances in which the insurance policy applied. I just don't know them.
But I guess I'm still hung up on the fact that the goals of both types of giving are essentially the same. NCAA wants to help student-athletes get home for Christmas, so do boosters.
Also I found this: http://www.ncaa.org/sites/default/files/2013%2BStudent%2BAssistance%2BFu...
So it sounds like the Fund itself (not the insurance policy) is open to all student-athletes.
This sounds like an intercollegiate bass fisherman from our nationally renowned bass fishing team could truly get a yacht trip on the booster's dime because it's a need that arises from participation in intercollegiate athletics.
Your logic is unmatched, HOAT.
I'm glad you also see how the NCAA's wording choice can be construed against it...
Personally, I am all for this. What happens when Winston is dropping back to pass and he sustains an injury similar to what happened with Tom Brady in 2008 when he blew his knee out in the first game. Winston is no longer a potential 1st overall draft pick, thus losing a ton of money. On the other hand, Florida State profited off of Winston throughout the course of last season, this offseason, and this coming season. I think it is a fair trade for Florida State to pay for an insurance policy, much more justifiable than simply paying players with no strings attached for the most part.
Now let me say, I am far from a lawyer and I have never seen the NCAA rulebook (I heard it is longer than Moby Dick), but there is nothing wrong with this for me.