That is exactly how I read it. Get this done and Dylan stays. Don't, and he is gone.
BTW, this probably extends to all of the juniors. Alabama is going to have to do this whether they like it or not. The money is there. Spend it or watch some of these guys walk.
This is exactly the case, and the ball's in Saban's and Byrne's court.
I have to think the money is there, but am curious: Anybody know how much one of these policies costs?
For example, starting in 2011 when the rookie pay scale went into effect, an early first round pick may be worth $20 million over 4 years. Second round might be $2.5 million. Difference of $17.5 million. What does an LOV policy for that cost?
Also, given the money involved, definitions are critical.
How is the initial value (from which the loss would be calculated) set? Lloyds' opinion? Consensus of NFL GMs? Surely an outfit like Lloyd's isn't relying on Todd McShay and Mel Kiper. But if not them, who?
Also, anybody know how Lloyd's (or whoever the underwriter is) determines how the loss of value happened? In Tua's case, it's clear that the dislocated hip is the issue, and I doubt there'd be a lot of debate on that.
But suppose the issue is a string of injuries, none of which are catastrophic, but collectively they add up to a lot of wear and tear, and the player is drafted late in the first round, as opposed to the top half that was projected?
And what about a player's own conduct? Suppose a player has a garden-variety torn meniscus. No known complications and anticipated to heal fine. But he's caused all sorts of discord on his college team, pretty much flipped off the combine interviews, and generally shown himself to be a bad teammate. He falls from the projected 2nd round to the 5th. How much of that is apportioned to the injury, and how much to the player's own conduct?
I don't know the answers to any of this. Having worked in the world of large finance, I do know they're addressed in policies of this size. As with life, the devil is in the details.