Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: October 30, 2015
The Firm
201-896-4100 info@sh-law.comProfessional athletes often purchase insurance to protect against loss of salary should they be seriously injured, but the NCAA also sponsors an insurance program for “exceptional” athletes – those typically bound for professional leagues. This program is known as the Exceptional Student-Athlete Disability Program.
The organization offers student-athletes in football, men’s ice hockey and men’s and women’s basketball and baseball who have shown professional promise during their collegiate careers a special sort of insurance policy through the Exceptional Student-Athlete Disability Program. Students must have a realistic chance of being picked in the first three rounds of the NFL or NHL drafts or the first round of the NBA, WNBA or MLB drafts to qualify. The program allows these student-athletes to purchase insurance contracts covering injuries that could affect their athletic careers, and offers access to financing programs if necessary.
These policies protect the student athletes against loss of future salary should an injury derail their professional prospects. Qualifying student-athletes are automatically eligible for a loan through U.S. Bank N.A., Sports Division, with competitive interest rates and no co-signer required. The individual is obligated to pay back the loan when one of three things happens:
The Exceptional Student-Athlete Disability Program provides permanent total disability policies to qualifying individuals. The program offers a 24-month maximum policy term that includes 24-hour accident and sickness coverage.
This program can offer student-athletes in sports such as football – where injuries are all too common – a safety net should their professional prospects be affected by a serious injury. These sports typically offer massive paychecks, and missing out on that salary due to injury could be an extremely unfortunate turn of events for a talented athlete.
For more information on the Exceptional Student-Athlete Disability Program, speak with a sports law attorney who can offer more information on insurance programs for athletes with professional prospects, as well as for current professionals.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Retaining top talent continues to be one of the greatest challenges facing employers today. Even in an employer’s market, the loss of a key employee can disrupt operations and result in significant costs. While compensation plays a role, long-term retention often depends on workplace culture, communication, and employee engagement. One increasingly popular strategy for improving […]
Author: Angela A. Turiano
Secured transactions form the backbone of a wide range of business dealings, including business loans, mortgages, and inventory financing. Because the stakes are often high and relatively minor oversights can have drastic consequences, lenders and borrowers should thoroughly understand how to form an enforceable security agreement that protects their legal rights. What Is a Secured […]
Author: Dan Brecher
Cashing a check marked “paid in full” can be a risky endeavor, particularly if you don’t fully understanding the legal implications. If you are owed more than the amount of the check you accept and deposit, you may waive your right to collect the full disputed amount. That is why you should consider either rejecting […]
Author: Dan Brecher
The One Big Beautiful Bill Act of 2025 (OBBBA) significantly impacts federal taxes, credits, and deductions. A key change relating to Qualified Small Business Stock (QSBS) allows greater tax-free gains for investments in startups and other qualifying small businesses. Company founders and other investors should understand how the enhanced tax strategy works or risk missing […]
Author: Dan Brecher
Corporate consolidation involves two or more businesses merging to become a single larger entity. The result is often a stronger and more competitive company that can better navigate today’s competitive marketplace. What Is Corporate Consolidation? Corporate consolidation closely resembles a basic merger transaction. The primary difference is that a consolidation creates an entirely new business […]
Author: Dan Brecher
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!