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Ekpre-Olomu expected to be first to collect on loss of draft value insurance – CBSSports.com

Ifo Ekpre-Olomu was one of three finalists for the Jim Thorpe Award in 2014. Lerner added the claim should be paid in the next 30-60 days. Ekpre-Olomu was the 241st player taken in the draft by Cleveland. Loss of draft value claims are paid if a player slips one round lower than projected previously by a panel of draft experts. His hope is that he is going to come back and play, Lerner said. Hopefully he’ll come back and have a great career. Lerner’s Total Planning Sports underwrote the policy for Lloyd’s of London. Oregon paid the injury and/or loss of value insurance premiums for several players last year, including Ekpre-Olomu and Heisman Trophy-winning quarterback Marcus Mariota. The ethics of schools’ paying of those premiums has become a talking point in NCAA circles. The money comes from the NCAA Student Assistance Fund. The fund typically totals $300,000 or more and is earmarked for all athletes in a school’s athletic department budget. Premiums for a first round-rated player could account for 20 percent or more of that total.

For the original version including any supplementary images or video, visit http://www.cbssports.com/collegefootball/writer/dennis-dodd/25324664/ekpre-olomu-expected-to-be-first-to-collect-on-loss-of-draft-value-insurance

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