Report: Florida State paying for QB Winston's loss-of-value insurance policy
AUG 05, 2014 9:13a ET
Florida State is helping Jameis Winston pay for his reported $10 million disability and loss-of-value insurance policy, according to ESPN.
A university spokesman confirmed to ESPN that it is paying for the Heisman Trophy winner's loss-of-value policy using the school's Student Assistant Fund.
The spokesman did not give an exact amount on the payment, but Tomahawk Nation -- which initially reported on the news -- said the university will pay a $55,000-60,000 premium.
It was reported earlier that the policy is split between a permanent disability policy and a loss-of-value policy, of which he could collect a percentage if he fell in the draft. Winston's dad indicated in an interview earlier this year that the player intended to complete his education before heading to the NFL.