Insurance Becomes Standard Protective Gear

USC quarterback Matt Leinart decided to return for his senior year of college, despite winning the Heisman Trophy and two national championships. In doing so, however, he knew that he needed to protect himself in case of injury. So, in a move made by more and more athletes, he has purchased insurance for himself in case of injury. The insurance, which pays out from $200,000 to $10 million for a premium price ranging from $10,000 to $1 million, covers players in the case of career-ending injury. The price for college players is lower for that of professionals, since they are not currently earning any salary. In a famous case, Willis McGahee took out a policy to cover him for his final college game, in which he blew out his knee. He never collected because he made it back to play in the NFL, but if the injury had ended his career, he would have collected over $1 million.

The full article has a lot more interesting details. You can read more on insurance in sports in this earlier post.

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