Report: Duke's Williamson has $8M loss of value policy

If Duke’s Zion Williamson is picked outside of the NBA draft lottery because of the knee injury suffered Wednesday, he could reportedly cash in an $8 million loss of value insurance policy.
Darren Rovell of The Action Network reported Thursday that the star forward took out a policy with International Specialty Insurance that kicks in if he is selected 16th or later in June’s draft.

Zion Williamson
Rob Kinnan-USA TODAY Sports

The 6-foot-7, 285-pound freshman has been projected by most experts as the No. 1 overall pick in the June NBA draft.
Williamson, 18, was hurt in the opening seconds of the No. 1 Blue Devils’ 88-72 loss to rival North Carolina. His left shoe ripped apart as he planted his foot and fell to the court, holding his right knee.
Duke coach Mike Krzyzewski characterized the injury as a mild sprain, but there is no timetable for Williamson’s return.
“The knee is stable. We don’t know how long he’ll be out, so that’s that,” Krzyzewski said.
In 26 games, Williamson is averaging 21.6 points, 8.8 rebounds and 1.8 blocked shots. He is shooting 68.3 percent from the field, tops in the ACC and second in the NCAA.
According to the NCAA definition, loss of value insurance “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.”

–Field Level Media

Leave a Reply

Your email address will not be published. Required fields are marked *