Colorado probably paid around a million to insure athletes which eats up about half the bowl payout after splitting it with the Big 12. It's a big business these days for sure

https://a.espncdn.com/ncf/s/insurance.html#:~:text=The%20NCAA%20provides%20maximum%20coverage%20of%20%243%20million,long%20as%20it%20is%20approved%20by%20the%20NCAA.