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: Oct 12, 2006
Posted on: September 16, 2011 2:50 am
 

DeSean Jackson took out insurance policy on self

One way or another, the Eagles more than likely franchise DeSean Jackson, the same way they handled Vick. All he has to do is perform and play out the season. If the Eagles don't pay him what the average of the 5 top salaries are for his position, then he walks and I'm pretty sure with his resume to date, there won't be a shortage of suitors the Eagles aren't going to have to either match, fend off or simply retain and keep him. Even if Jackson were to get a contract this season I still think he plays to a level that he protects his career. So it makes sense the Eagles franchise him. He is simply the best punt returner and fastest WR in the NFL today. When he touches the football, there is a higher probability he breaks it for a score. On kicks, the best comparison, Devin Hester or Percy Harvin ? As for running pass routes, can anyone cover him ? Even if they do, for how long in a game ? Take the Rams, he dropped a couple of td passes, but he also easily got open for a score. On one of the drops, Vick passes the ball to a spot on the field and essentially Jackson and he know where that spot is and the only player on the field fast enough to get there is Jackson. The only defender on the play that kept DSJ from catching the ball was the ground, even there, DSJ nearly held on to it. I suspect the the Falcons, like 2010 don't have CB/DB's that will be able to cover him and Vick won't leave DSJ exposed for concussion like Kolb did in 2010. The result in 2010, DSJ touvhed the ball 3 times and it was 14-0 Eagles over the Falcons. Pretty much game over in a 31-17 win that the Eagles led 24-0 at one point.



Since: Jan 4, 2009
Posted on: September 16, 2011 1:55 am
 

DeSean Jackson took out insurance policy on self

Glad DeJack took matters into his own hands and got insurance. If you really understood the situation you woild realize that this has nothing to do with any agency. Contractually they only have to pay $600K and can use the franchise tag on him. Also, Rosenhaus probably has done 4-5 deals with the Eagles the last few years and we never heard a peep. Come to think of it I haven't heard anyone make a sound to the press about this deal. You guys have to get over the whole TO thing!!!


draper1997
Since: Apr 16, 2009
Posted on: September 15, 2011 7:13 pm
This comment has been removed.

Post Deleted by Administrator




Since: Jun 8, 2010
Posted on: September 15, 2011 7:05 pm
 

DeSean Jackson took out insurance policy on self

He's missed two games to injury in three seasons.
He missed one game after that brutal concussion last season.
Yeah he's real "brittle".



Since: Jul 29, 2011
Posted on: September 15, 2011 6:26 pm
 

DeSean Jackson took out insurance policy on self

The Philly offensive line is horrible and Vick will get crushed eventually.  Maybe Jackson should take out a policy on Vick.  Then a policy on Vince Young.  Now that would be smart and perhaps lucartive.



Since: Jul 30, 2011
Posted on: September 15, 2011 6:18 pm
 

DeSean Jackson took out insurance policy on self

     
     The exact same thing that Chris Johnson should have done  (for the very reason he did not, leads me to think he has something to hide, hence not showing up for camp, but that will play out over the next month). DeSean is far from the only one. Most NFL players in the final year of their deal take out policies. Just good business on the players part. Why he missed 12 days of camp is beyond me though. Probably because the Eagles were spending millions on FA's. Maybe that is when he finally realized he was not a FA, and chose to take personable responsibility for himself as a player under contract.

      
;
    Hershel Walker was the first, that I recall, to take out a policy while he was still at Georgia.  That was a Million Dollar policy underwritten by Lloyds of London.  Being a Tech fan, I am not sure how he could afford the premium. Pretty sure that there was not a future earnings payment plan. Maybe the NCAA had not evolved into "Richards" and allowed a star student athlete to accept a loan for his future?  In any case, Djax finally did the right thing.



Since: Oct 29, 2010
Posted on: September 15, 2011 6:00 pm
 

DeSean Jackson took out insurance policy on self

He should take out insurance on Vick.



Since: Aug 10, 2011
Posted on: September 15, 2011 4:34 pm
 

DeSean Jackson took out insurance policy on self

Good insurance buy on his part.  He's built like a high schooler, and if he gets hit hard he'll be out for a long time.  He's a brittle little man, but he seems smarter than I give him credit for.  



Since: Nov 5, 2007
Posted on: September 15, 2011 4:23 pm
 

DeSean Jackson took out insurance policy on self

I guarantee if he 86'd Drew Rosenhaus he would help his situation out 100%.


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