[Mick]

The schools pay for the rings.
Jostens typically makes them.
They're made out of semiprecious stones and metals.  They're not $1k apiece, the limit is $415 per player per school.  The conference can kick in $400.  And the bowls are allowed to give $550 worth of swag.  The Sun Bowl gift suite included a Silvertone Watch; a Majestic Pro Base fleece pullover; an Ogio Politan backpack; an Under Armour cap; and a commemorative coin.
http://www.sbnation.com/college-football...gifts-2016

[Mick]

The schools pay for the rings.
Jostens typically makes them.
They're made out of semiprecious stones and metals.  They're not $1k apiece, the limit is $415 per player per school.  The conference can kick in $400.  And the bowls are allowed to give $550 worth of swag.  The Sun Bowl gift suite included a Silvertone Watch; a Majestic Pro Base fleece pullover; an Ogio Politan backpack; an Under Armour cap; and a commemorative coin.
http://www.sbnation.com/college-football...gifts-2016