Clemson University won, but was prepared for the worst
Clemson University won, but was prepared for the worst
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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