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Colorado football coach Deion Sanders generated news headlines last month when he announced that the university had obtained record insurance coverage for Heisman Trophy winner Travis Hunter and quarterback Shedeur Sanders.
Documents obtained by USA TODAY Sports now shed additional light on the insurance policies purchased by Colorado before the Buffaloes lost to BYU in the Alamo Bowl on Dec. 28, 36-14. The university redacted the names of the players on the documents, but USA TODAY Sports identified them as Hunter and Shedeur Sanders based on several factors.
The records show the school bought $1 million in extra permanent total disability (PTD) insurance for the bowl game, in addition to their previous $20 million in PTD coverage for the year that began in August 2024.
“Adding $1MM of temporary coverage effective December 18, 2024, through to December 29,2024 to cover Valero Alamo Bowl,” said an email to Colorado officials from Matthew Vuckovich of the firm Paradigm Gilbert. “Current coverage now at $21,000,000 for both players.”
After the bowl game, the coverage amount would go back down to $20 million, according to another email. Fortunately, neither Hunter nor Shedeur Sanders suffered a severe injury in the game.
Was that a good deal for Travis Hunter and Shedeur Sanders?
Extra insurance brings extra peace of mind. But in this case, insurance industry experts found it strange to add $1 million in permanent disability coverage for one game when they had $20 million in place already. The extra $1 million cost the school $1,030 each in premiums.
Richard Giller, a renowned sports insurance recovery attorney in Los Angeles, reviewed the documents at the request of USA TODAY Sports.
“It doesn’t make a whole lot of sense,” said Giller of the firm Greenspoon Marder. “I don’t see the reason other than maybe…
Source link : https://sports.yahoo.com/colorados-bowl-game-insurance-details-020021439.html
Author : USA TODAY Sports
Publish date : 2025-01-24 02:00:00
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