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Oregon CB gets 3 million dollars for not being drafted yet (maybe)
Posted on 5/2/15 at 3:09 pm
Posted on 5/2/15 at 3:09 pm
He either needs to get paid or these insurance companies that are taking premiums need to get sued their asses off
quote:
The torn ACL that Oregon cornerback Ifo Ekpre-Olomu suffered while preparing for the college football postseason in December is almost certainly the reason why he hasn’t been picked at this point in the 2015 draft, which is exactly why the school purchased an insurance policy to protect the player financially before the start of his final college season.
Ekpre-Olomu was insured against an injury that ended his career as well as one that caused him to lose value by virtue of a tumble down the draft board. The cornerback’s policy, which cost the school $40,000 in a relatively new move that schools have used for pro prospects who might otherwise go pro, and calls for a $3 million payout because Ekpre-Olomu slipped below the first picks of the third round.
As those who have dealt with insurance companies may know, the road from calls for to pay out isn’t always a smooth one. Darren Rovell of ESPN reports that no college player who had a loss of value policy has ever collected and notes that USC Marqise Lee is trying to collect on money he believes he’s owed after dropping to the 39th pick in 2014.
Texas A&M tackle Cedric Ogbuehi had a similar policy bought for him by the school and also tore his ACL in the postseason, but he wound up going in the first round to the Bengals.
This post was edited on 5/2/15 at 3:10 pm
Posted on 5/2/15 at 3:21 pm to wildtigercat93
quote:Well that doesn't seem right.
Darren Rovell of ESPN reports that no college player who had a loss of value policy has ever collected
Posted on 5/2/15 at 3:33 pm to wildtigercat93
quote:
need to get sued their asses off
Nah, bruh, people who sue insurance companies are trash. Everyone knows insurance companies always treat people the right way. If they deny the claim, it's always for a legitimate reason.
This post was edited on 5/2/15 at 4:15 pm
Posted on 5/2/15 at 3:34 pm to wildtigercat93
This textbook case. If he doesn't get his money, the insurance companies are blatantly stealing.
Posted on 5/2/15 at 3:35 pm to GreatLakesTiger24
quote:Darren Rovell is know to take criticism very well so you should let him know and see what he says.
Well that doesn't seem right.
Posted on 5/2/15 at 3:38 pm to SwaggerCopter
Why in the world wouldn't he get his money? They clearly paid for it. It's not like Lee just dropping to the 2nd, Olomu still hasn't been picked and were in the 6th
Posted on 5/2/15 at 3:45 pm to Brettesaurus Rex
Someone needs to go bargain shopping. Ifo is a steal.
Posted on 5/2/15 at 3:55 pm to buckeye_vol
i don't mean his reporting, i'm sure it's correct, but the fact that no one has been paid.
Posted on 5/2/15 at 4:02 pm to bisonduck
I was hoping we would nab him. Hopefully we bring him to camp if he goes UD
Posted on 5/2/15 at 4:08 pm to boosiebadazz
quote:
Nah, bruh, people who sure insurance companies are trash. Everyone knows insurance companies always treat people the right way. If they deny the claim, it's always for a legitimate reason.
Bunch of Commie losers who hate Capitalism. Why do they hate shareholders so much?
Posted on 5/2/15 at 5:16 pm to lsutigers1992
Just got drafted in the 7th by the Browns
Wonder if that will be the insurance companies defense
Wonder if that will be the insurance companies defense
Posted on 5/2/15 at 5:19 pm to wildtigercat93
Drafted by Browns = Act of God
Posted on 5/2/15 at 5:20 pm to wildtigercat93
if he's healthy, that is a big steal by the Browns.
Posted on 5/2/15 at 5:35 pm to dlmast87
He won't play at all in 2015, he's basically an automatic redshirt. But yes, he could be a huge steal.
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