Former Tennessee lineman Ja'Wuan James suffered a torn Achilles on Tuesday, which could void $20 million that would have been owed to him.
www.knoxnews.com
There's no need to blame anything on the NFL.
The players have a union and an agent to make sure they understand their contract coverage.'
The player probably knew about it and while no one expects to get injured while training on their own, athletes can purchase loss of value insurance to protect against future earnings loss in the event of an injury.
I'll bet that all of the professional athletes know about it and if they're smart they buy the coverage.
The NFL teams also insure the contracts of some of their top players so that in the event that they get injured, the insurance pays a percentage of the contract value so that the entire contract isn't a total liability.
I think that the policy typically pays 50% or so of the value of a star players contract, and then the team pays the rest.
Imagine a top player like Mahomes who is making so many millions, of course he's self-insured in case he gets seriously injured and can't play, whether it happens on or off the field.
Look at the injury that happened to Dak Prescott.
Every athlete knows how important being insured is, but most professional athletes devote a majority of their time to focusing on their sport and are often unaware of the fine details of their insurance coverage.
www.worldwidepci.com
As we all know, if you’re prepared to pay enough, you can insure just about anything. For example, actors regularly insure parts (or all) of their bodies for
www.liveinsurancenews.com
Every athlete knows how important being insured is! AFIG Professional Athlete Insurance provides high limit disability for professional & college athletes.
www.eqgroup.com
