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tribeofjudah
tribe
Joined: 15 Jun 2007
Posts: 5996
Location: SURF CITY, HB, CALI *** Occasionally flying into a SUPERNOVA
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| Posted: Wed Feb 13, 2013 7:32 pm Post subject: INSURANCE for future draft stock.... |
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Talk about a "just in case I get injured before the draft".... INSURANCE....
Was there one such for RGIII...???
| Quote: |
Report: Jadeveon Clowney seeks $5M insurance policy
By Dan Hanzus
Around the League Writer
Published: Feb. 13, 2013 at 02:07 p.m.
Updated: Feb. 13, 2013 at 02:56 p.m.
University of South Carolina defensive end Jadeveon Clowney isn't eligible for this year's NFL Draft. He appears to be taking steps to protect his future in case he never makes it to Radio City Music Hall.
FOXSports.com reported Wednesday that "a member of Clowney's camp" contacted an insurance company about obtaining a policy worth as much as $5 million if he suffers a catastrophic injury that ends his career.
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Clowney's strategy is not unusual among highly rated college prospects. Coastal Advisors, the company contacted by the Clowney associate, has insured 35 other top prospects in the past 15 years. Players are not permitted to enter the NFL Draft until they've been out of high school for at least three years.
Clowney was on the sideline when Gamecocks teammate Marcus Lattimore suffered a gruesome knee injury that drastically affected his draft stock. With Clowney already widely believed to be a first-round pick in waiting, it's been speculated he'd be better off skipping the upcoming college season to protect himself.
Clowney is coming off a hugely impressive sophomore season in which he finished with 13 sacks and 23.5 tackles for losses. This also happened.
South Carolina coach Steve Spurrier already dismissed the idea of Clowney sitting out the season. It'd be a shock if Spurrier was proven wrong.
Follow Dan Hanzus on Twitter @DanHanzus.
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http://www.nfl.com/news/story/0ap1000000138856/article/report-jadeveon-clowney-seeks-5m-insurance-policy |
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The Hogster
#######
Joined: 06 Mar 2005
Posts: 6999
Location: Washington D.C.
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| Posted: Wed Feb 13, 2013 11:40 pm Post subject: |
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| These are pretty common. Lloyd's of London used to be the major player in this market. |
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tribeofjudah
tribe
Joined: 15 Jun 2007
Posts: 5996
Location: SURF CITY, HB, CALI *** Occasionally flying into a SUPERNOVA
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| Posted: Thu Feb 14, 2013 1:01 am Post subject: |
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| hmmm....must be expensive monthly premiums. |
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Countertrey
the 'mudge
Joined: 09 Jan 2004
Posts: 12767
Location: Curmudgeon Corner, Maine
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| Posted: Thu Feb 14, 2013 7:18 pm Post subject: |
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| Very. But... most elite players manage to find the premiums... |
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tribeofjudah
tribe
Joined: 15 Jun 2007
Posts: 5996
Location: SURF CITY, HB, CALI *** Occasionally flying into a SUPERNOVA
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| Posted: Thu Feb 14, 2013 8:16 pm Post subject: |
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yup....makes sense. Like a doctor or painter who "insures" his/her hands in case of injury.
Does anyone know if RGIII has something like this before the draft? |
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