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Blog Entry

DeSean Jackson took out insurance policy on self

Posted on: September 15, 2011 3:13 pm
 
Posted by Will Brinson

DeSean Jackson, potentially in line for a new contract, stands to gain a lot of money and leverage if he has an impressive performance this season. He also stands to lose a lot, should he suffer a serious injury.

Which is precisely why the Eagles wide receiver, who reportedly wants as much as $10 million a year in a new deal, took out an insurance policy on himself before the season began.

According to Jeff McLane of the Philadelphia Inquirer, Jackson told reporters on Thursday that he took out a one-year policy on himself that is worth "millions."

McLane notes that "speculation has it" that the Eagles will give Jackson some more money "within the next month or so," but that's exactly what everyone thought the Eagles would do with Jackson last year. And they didn't.

And so Jackson took matters into his own hands, and took out a policy to ensure that if he suffers a terrible injury, he'll receive more compensation than the $600,000 or so he's earning this year.

This isn't anything new -- a future-earnings policy is pretty standard for many football players because of the physical nature of the game and the non-guaranteed contracts that NFL players receive.

One of the most notable of such contracts was the $2.5 million policy that current Denver Broncos running back Willis McGahee took out on himself two weeks before he sustained a major injury against Ohio State in the 2003 Fiesta Bowl.

Hopefully, Jackson won't ever have to worry about collecting.

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Comments

Since: Dec 2, 2011
Posted on: January 16, 2012 3:38 am
 

DeSean Jackson took out insurance policy on self




Since: Dec 2, 2011
Posted on: January 1, 2012 2:18 am
 

DeSean Jackson took out insurance policy on self

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Since: Nov 19, 2011
Posted on: December 25, 2011 4:39 am
 

DeSean Jackson took out insurance policy on self




Since: Dec 2, 2011
Posted on: December 4, 2011 7:31 pm
 

DeSean Jackson took out insurance policy on self

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tomlye
Since: Nov 28, 2011
Posted on: November 28, 2011 12:55 pm
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Tomly
Since: Oct 21, 2011
Posted on: October 23, 2011 9:20 am
This comment has been removed.

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Since: Oct 7, 2011
Posted on: October 20, 2011 2:41 am
 

DeSean Jackson took out insurance policy on self

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Since: Sep 18, 2011
Posted on: September 18, 2011 10:06 pm
 

DeSean Jackson took out insurance policy on self

He cant look to sign anyware else for 2 years!!!  FYI



Since: Apr 25, 2008
Posted on: September 16, 2011 11:13 am
 

DeSean Jackson took out insurance policy on self

If I was DJ, I would be looking to sign somewhere else other than Philly.  Eagles threw around a lot of cash this year and he has seen none of it.  Completely under paid for one of the best playmakers in the league and I would be willing to bet there are a ton of teams ready to pay him.



Since: Jun 2, 2009
Posted on: September 16, 2011 9:29 am
 

DeSean Jackson took out insurance policy on self

Smart man.


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