This sheds light on what I think is the new major advantage that Clemson/SEC are on the cutting edge of over the rest of college football.
In roughly 2000-2010 the major advantage was an entire extra recruiting class every four years through roster management and over signing. But everyone basically caught up by 2012-ish and the SEC mystique came crashing back to earth (on the field, if not on ESPN, especially for the rank-in-file teams outside the top 1-2 elite programs each year).
I was just wondering recently how it seemed like Clemson and SEC players consistently stayed a year longer before jumping to the NFL than you would reasonably expect them to, and it seems the answer is probably these insurance policies.
They’re complicated enough that I’m sure the NCAA has no clue what is actually going on and even less clue how to regulate them.
Get a player who is projected to go high in the draft (or anywhere, really), inflate exactly how high in an insurance policy, get them to stay an extra year, and then pay out on the policy no matter where they are drafted for “loss of value” because they were drafted lower than the terms of the insurance policy.
Bam, seems like a pretty easy way to pay a kid quite a bit of money to stay an extra year in school, no?
The names of the company, if even remotely accurate, are revealing in the shady nature of this practice. Nationwide isn’t writing these things for the players.
I also like that when a dad stupidly reveals a little bit too much about how this is working, it was just a joke. Yeah, what a hilarious joke about a practice next to no one was even aware of.