I wonder if they are believers now?

Dec 21, 2017, 8:50 PM

"Goldfarb and Wright operate Risk Point Consulting Group in Marietta, Georgia. Last year, they brokered an insurance policy for the Clemson athletic department that covered the performance bonuses coaches earned through incentive clauses in their contracts.

The policy premium cost Clemson approximately $272,000. It capped the department’s total payout for bonuses at $2 million. Clemson coaches led the Tigers to the national championship and maximized their bonus packages. According to Clemson deputy director of athletics Graham Neff, the policy saved the department $1.3 million.

Prior to this season, administrators requested a quote on a similar policy. Considering the team lost its brightest stars and strongest leaders, Clemson dropped in most preseason projections — except for the one Goldfarb and Wright submitted to the athletic department.

“The rates at which they quoted us were basically the same as last year,” Neff said. “It surprised us a little.”

The athletic department did not share Risk Point’s confidence. After assessing the potential reward against the budgetary risk, administrators elected to decline the policy this season..."

http://www.greenvilleonline.com/story/sports/college/clemson/2017/12/21/football-coaching-staff-bonus-insurance-saved-clemson-did-not-renew-insurance-policy-football-coachi/972753001/

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Let me outline this.
1. Clemson bought insurance to cover potential bonus payouts for winning last year.
2. When they asked for a price for the same insurance this season the brokers came back with the same numbers indicating they believed that Clemson had the same potential as last year to succeed.
3. Clemson administration didn't agree and passed on the insurance.
4. Clemson football is now in the same position it was last year with an even bigger chance of winning the national championship.

The coaches questioned the administration's decision to pass on the insurance and everybody had a big laugh. The coaches admitted they didn't think we'd be where we are and the administration stated they'd be happy to pay the bonuses and wanted Clemson to win.

Recap: Millions of dollars shot up a pig's butt and we're all laughing.

Now pass 7spots a beer so he can laugh too.

I wonder if they are believers now?

Somebody’s gonna get fired.

Yeah, but they probably own the policies for about 30 different coaches.

Are you sober?

Listen man, I don’t show up on a Sunday weekplight as a sober sabastion.

So, the truth is that you got sober and...

Nationwide is on your side. Not theirs. Isn't that nice?***

Re: I wonder if they are believers now?

Are you at 7spots?

They've probably only earned about half of their maximum

Everybody laughed about the decision because...

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