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Started By
Message
Devin whites insurance policy if he stays
Posted on 1/2/19 at 7:06 pm
Posted on 1/2/19 at 7:06 pm
According to espn he would be guaranteed a ton if he gets hurt. So I dont think coming back is insane like some people think
"According to industry professionals, the general rule is that a top-10 pick will qualify for $10 million of permanent total disability with a $5 million loss-of-value rider. The 10 to 20 picks would be looking at $5 to $7.5 million of PTD and $2 to $3 million in loss of value. Picks in the 20 to 30 pick range would be around $5 million total disability."
I think if he had a career ending injury, he would be ok with 10 million the rest of his life
"According to industry professionals, the general rule is that a top-10 pick will qualify for $10 million of permanent total disability with a $5 million loss-of-value rider. The 10 to 20 picks would be looking at $5 to $7.5 million of PTD and $2 to $3 million in loss of value. Picks in the 20 to 30 pick range would be around $5 million total disability."
I think if he had a career ending injury, he would be ok with 10 million the rest of his life
34
Posted on 1/2/19 at 7:08 pm to luciouslou
10 million from insurance and a 5 million go fund me from the LSU fans.
Ok he stays I made the decision for him.
Ok he stays I made the decision for him.
Posted on 1/2/19 at 7:09 pm to luciouslou
It’s not easy to get a loss of value claim paid out in full. A lot of guys had trouble getting full payouts.
Posted on 1/2/19 at 7:10 pm to luciouslou
He gone!!
Posted on 1/2/19 at 7:10 pm to luciouslou
Try collecting that. Not as easy as it sounds. Matter of fact, pretty impossible to collect that in full.
Posted on 1/2/19 at 7:10 pm to luciouslou
He is not staying.
Posted on 1/2/19 at 7:11 pm to djrunner
Out of curiosity, what type of premium is it for a policy like that?
Posted on 1/2/19 at 7:12 pm to luciouslou
He would make more in his signing bonus in the NFL.
If he stays there is no really way to mitigate he risk financially. It will be about what he wants in life.
If he stays there is no really way to mitigate he risk financially. It will be about what he wants in life.
Posted on 1/2/19 at 7:12 pm to tigerwith3
quote:
Try collecting that. Not as easy as it sounds. Matter of fact, pretty impossible to collect that in full.
Your probably right, but even if he only gets 3 million, hes not exactly screwed. Nothing is as good as going get the money, but if he stays it ain't like he risking a life of poverty.
Posted on 1/2/19 at 7:14 pm to tiger91
"There are NCAA rules that allow athletics department officials to help secure policies and there are also funds available at each university that can be used to pay for the insurance policies if the programs want to allocate money for that purpose."
Posted on 1/2/19 at 7:17 pm to luciouslou
Whatever he decides will be the right decision.
Posted on 1/2/19 at 7:21 pm to luciouslou
Then you don’t understand opportunity cost.
Posted on 1/2/19 at 7:21 pm to luciouslou
He is not staying.
Posted on 1/2/19 at 7:23 pm to BatonrougeCajun
Devin can also rest easy knowing that he won't ever struggle to find a job in Louisiana if football doesn't pan out for him.
Posted on 1/2/19 at 7:24 pm to luciouslou
Jaylon Smith only collected 700K after dropping to the 2nd rd. He was a top 10 pick more than likely. It’s hard to prove more than likely to an insurance company writing fatass checks.
Posted on 1/2/19 at 7:25 pm to tigerwith3
I have never gofunded, but I would gofund the frick out of that cause.
Posted on 1/2/19 at 7:27 pm to luciouslou
I want him to stay but if he is a top 10 pick, he should go and set himself up for life.
Posted on 1/2/19 at 7:34 pm to luciouslou
First off, the policies are extremely expensive and really only get close to paying the full value for catastrophic, never play again, limp for life type injuries. You can get a second, loss of value policy, for like if you drop from 1st round to 3rd, but those don't come anywhere near paying the actual difference AND usually any money the insurance pays you can be recouped if you get a second contact.
Hopefully he makes the best decision for him, but coming back and getting injured could easily cost him $15 million dollars.
Hopefully he makes the best decision for him, but coming back and getting injured could easily cost him $15 million dollars.
Posted on 1/2/19 at 7:46 pm to brewhan davey
I feel like several guys from this team will go on to do great things not football related, specifically Devin White, Foster Moreau, and Garrett Brumfield.
Posted on 1/2/19 at 7:54 pm to luciouslou
If he stays and got injured, at least he doesn't have to share a bunch of that with an agent. Players never get nearly what they sign for after everyone else with their hand out gets their take. Most agents have separate attorneys that get paid for all of the deals put to paper and that's a separate take.
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