McCoy takes out insurance policy

Updated: July 27, 2009, 8:42 PM ET
By Joe Schad | ESPN.com

Add Texas quarterback Colt McCoy to the list of returning seniors who have taken out a large insurance policy in case of injury.

Brad McCoy, Colt's father, said Sunday that Colt has a policy that would pay between $3 million and $5 million in the event of a career-ending injury.

"The premium is astronomical," said Brad McCoy. "But the payback in the event of a catastrophe puts the monetary value there. We felt it was the prudent thing to do."

Sam Bradford's father, Kent, is an insurance specialist. And because his son is a client, he declined to provide any specifics regarding Sam's policies.

However, Kent Bradford said Sunday: "The odds of a kid getting a career-ending injury is slim. But if it did happen, and you had the chance to insure, chances are you would feel pretty dumb. You're insuring earnings power."

Joe Schad is a college football reporter for ESPN.

Joe Schad

College Football