Marqise Lee Injuries Drop Him in NFL Draft but Will Lead to Insurance Payout
May 13, 2014 · Will Carroll · Jump to comments
The NCAA often talks about its catastrophic insurance plan as one of the reasons that players should stay in school. For players like Johnny Manziel or Jameis Winston, forced by NCAA and NFL rules to stay at the amateur level, Loss of Value insurance is a must. Marqise Lee is certainly glad he had the Lloyd's of London policy now that a knee injury forced him down to the second round in last week's NFL draft.
Players like Jadeveon Clowney, Manziel and Lee are all at risk of injuries while in college and all three had coverage, though Clowney and Manziel are likely glad they didn't get to collect. Any injury could take them from a sure thing to a question mark, which could shift their place in the draft. Their financial prospects would take a major hit. By paying for this insurance, which does not come cheaply, a player is protected against that loss.
What most don't know, including the players, is how difficult it is to get this kind of insurance to pay off. I...
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