Clemson won big and saved big in their College Football Playoff Championship win over Alabama to become National Champs. After an almost identical matchup that ended in loss for Clemson last year they decided to make some changes to their bonus system.
What’d The National Champs Do?
The university purchased bonus insurance. After their loss in 2016 the team paid its coaches and staff close to $2.3 million in bonuses, according to an article by USA Today. With high hopes for their 2016-2017 season the Tigers purchased a new insurance policy. The policy would help to cover some financial duress in the event of a bid to the national championship. The coverage, costing $272,000, saves the school $500,000 in the event of the loss and $1.2 million with a win. Clemson made all the right moves to win the game and save some money along the way.
Congratulations to both teams on a great game. Clemson did well taking advantage of all the insurance world has to offer and becoming the new National Champs!