According to the NCAA: 'Loss of value (LoV) coverage is insurance that protects a student-athlete's future contract Loss of value (LoV) coverage is insurance that protects a student-athlete's future contract value from decreasing below a predetermined amount due to a significant injury or illness suffered during the policy's designated coverage period. from decreasing below a predetermined amount due to a significant injury or illness suffered during the policy's designated coverage period.' These policies make financial sense only for a select few. (Photo: Shutterstock)
For basketball fans, the upcoming NBA draft on June 20 is the most exciting day of the off-season.
But for athletes who train for years to get a shot at the pros, the draft is the culmination of a lifetime of work. For top college athletes, a professional career and the paycheck that goes with it is right around the corner.
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