As colleges and universities prepare to legally pay athletes for the first time in National Collegiate Athletic Association history, collegiate sports programs are exploring insurance policies designed to mitigate the risks that come with dishing out tens of millions of dollars annually to players.
A proposed settlement deal between the NCAA and five major collegiate sports conferences is expected to soon allow schools to directly compensate students for the first time in 173 years of organized competition. Total pay will be capped at about $20 million per school.
“The reason why insurance is now being introduced more consistentl…