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I've been asked by a bunch of folks whether Duke is allowed to provide Loss of Value insurance for Zion Williamson. The answer is sorta.
So...
So...
An athlete is allowed to borrow and pay for that insurance.
More recently the NCAA allowed schools to use the SAF (Student Assistance Fund) to purchase the insurance for the athlete, but SAF money is ...
More recently the NCAA allowed schools to use the SAF (Student Assistance Fund) to purchase the insurance for the athlete, but SAF money is ...
set at a fixed amount per conference (and then divvied up by school), so that if the school has used its SAF money, it can't use other money.
That means if Duke chose to allocate some of its SAF money to provide insurance, they could. That insurance runs $40-$60K.
That means if Duke chose to allocate some of its SAF money to provide insurance, they could. That insurance runs $40-$60K.
a more typical SAF distribution is like $500-$1000, so it's a large chunk to devote to one athlete.
if, by chance, the school has used its SAF, it CANNOT use other money. This is one of the elements of the Alston v. NCAA case, saying there is no...
if, by chance, the school has used its SAF, it CANNOT use other money. This is one of the elements of the Alston v. NCAA case, saying there is no...
valid economic reason why SAF money to cover insurance is consistent with amateurism but other forms of money, used for the identical insurance policy, is impermissibly professional.
So -- first off, let's all hope Zion is totally fine. I want to watch him in the NBA for a generation.
But if he is hurt enough to damage his future, he *may* be insured. It just depends on whether chose to use a sliver of it's total money that the NCAA lets them use.
But if he is hurt enough to damage his future, he *may* be insured. It just depends on whether chose to use a sliver of it's total money that the NCAA lets them use.
And [REMEMBER I DON'T KNOW!!!] if they didn't, we should all heap scorn on the stupid rules, the stupid choices, and the school that couldn't bother to devote $50K of its SAF to its stars.
