Clemson University won, but was prepared for the worst
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The Clemson Tigers became national champions for the first time in 35 years when they beat Alabama 35-31 Monday night.
I always knew the Tigers would stand victorious, but turns out the university’s finance folks had an inkling last night would turn out well, too.
Back in the Fall, Clemson spent $272,000 in premiums to insure bonuses for the team coaches would be due, regardless of the outcome. The victory saved them $1.2 million in losses: if Alabama won, they would have still saved around half a million.
Last year, travel costs and bonuses during the championship cost Clemson $7 million, which ultimately resulted in a loss to Alabama.
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