No, they just receive the award. But there are lucrative endorsement opportunities that come with the award and can really enrich the winner.
No player from the Vanderbuilt Commodores has ever won a Heisman Trophy.
The University of Alabama has only had one Heisman Trophy winner, Mark Ingram.
Tennessee has never had a Heisman winner
Charlie Ward
75
No, he didn't. Please follow the nearby link to a list of Heisman Trophy winners.
Nobody from Purdue has ever one a Heisman Trophy, but they have had many nominees.
Notre Dame, Ohio State, and USC each have 7Heisman Trophy Winners
Auburn
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7
0 Through the 2008 season, no University of Washington player has won the Heisman Trophy.