Jameis Winston buys insurance

Heisman Trophy-winning Florida State quarterback Jameis Winston has purchased a $10 million disability and loss of value insurance policy, sources told ESPN.com's Darren Rovell.

The $10 million policy is equally split between a permanent disability policy, which he would collect if he were injured and could never play again, and a loss of value policy, which he would collect at least a percentage of if he fell in the draft, the sources said.

The policy, which was first reported by Yahoo! Sports, is based on a projection that he will be a top-10 pick in the 2015 NFL draft and would pay out if he fell out of the first round because of injury or illness, according to Yahoo!.

The NCAA has an elite athlete insurance program that caps the maximum insurance policy at $5 million and doesn't allow players who are part of the program to pay additionally for loss-of-draft-value insurance. The premiums for the policies secured through the NCAA program are financed through U.S. Bank and provide that the player pay back the loan upon signing his first professional contract.

The premiums on disability insurance policies typically cost $8,000 to $10,000 per $1 million insured.

Two weeks ago, Winston's father, Antonor, told AL.com that his family his expects son to play two more seasons with the Seminoles.

Yahoo! reported, citing a source, that Winston is the first Heisman-winning QB to purchase preseason loss of value coverage since Sam Bradford, although some have purchased total permanent disability coverage.