Former Baylor Bears center Isaiah Austin, whose dream of becoming an NBA star was crushed this week after a career-ending diagnosis, has an insurance policy worth at least $1 million, reports ESPN.
A pre-draft physical found that the 7-foot-1 Austin has Marfan syndrome, a genetic disorder of the connective tissue. Those who have it are discouraged from taking part in strenuous exercise to avoid overtaxing the heart. Austin told ESPN that doctors found his arteries are enlarged and told him that if he played competitively, his heart could rupture.
Austin took out an insurance policy through the NCAA's elite athlete insurance program. A college basketball player typically pays about $5,000 per million, and an athlete can collect the amount he is insured for only if he has a total disability that ends his career, says ESPN. Insurance policies that cover career-ending situations usually include a 12-month wait period as the insurer sees whether the athlete can make an attempt to recover. However, Austin's case should be resolved sooner, since there's little debate over his diagnosis and doctors' recommendations.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
