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Malfunctions can kick in insurance payments



An exploding sneaker can trigger a devilish insurance payout for a college basketball star.

Zion Williamson, a forward for Duke University Blue Devils who is expected to be No. 1 in this year's NBA draft, suffered a knee exercise when his shoe crashed in front of thousands of fans – some of which paid Super Bowl-like prizes at their seat because the indoor stadium only has about 9,300 seats – in a game against archrival North Carolina on Wednesday. These fans included former President Barack Obama – unsure of what he paid for his court seat.

Bu doesn't have to worry about Mr. Williamson's finances. He has an $ 8 million insurance policy that kicks in if he falls over No. 1

6 in the draft – a policy allegedly paid by Duke. The injury is considered relatively small and Mr Williamson is not expected to drop so far in the draft – if he even falls – even though it has given a debate on whether he should sit the rest of the college basketball season to avoid risking a mega payout in the NBA. Last year's number 1 chose Deandre Ayton to earn up to $ 41.2 million in his first deal with the Phoenix Suns.

Sports fans in the investment community were unhappy with Nike Inc., the maker of Mr. Williamson's shoes expressed their dissatisfaction by sending the company's shares down more than 1% at the beginning of Thursday.

This alumni in Syracuse University hope. Mr Williamson takes at least one game to heal. The blue devils play orange on Saturday in Syracuse.

                    


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