Star quarterback suffers a season-ending concern
The New York Jets reportedly selected to not buy incapacity insurance coverage for Aaron Rodgers earlier than the beginning of the 2023 NFL season.
The choice got here regardless of the Jets being provided a number of insurance policies for the veteran quarterback, a report by Sportico famous, doubtlessly costing the workforce over $20 million in insurance coverage proceeds.
Rodgers had simply signed a revised two-year $75 million cope with the workforce however suffered an Achilles tendon damage within the first recreation of the season.
Short-term complete incapacity (TTD) insurance policies may help groups recoup important parts of a participant’s assured wage in the event that they maintain such season-ending accidents. Sources cited by Sportico revealed that multiple policies were offered to the team, with premiums starting from roughly $1 million to $4 million. The best-end choices would have lined round 60% of the $37 million that Rodgers was set to obtain this season.
As Rodgers continues his restoration, discussions relating to the opportunity of implementing a league-wide TTD protection system throughout the NFL have began to realize traction. Buying TTD insurance policies stay on the discretion of particular person groups, with insiders estimating that round 65 gamers within the league at the moment have contracts lined by TTD insurance policies
Insurance coverage restoration lawyer Richard Giller mentioned the choice ought to have been a “no-brainer” for the Jets, given Rodgers’ age and years-long profession.
“If they really had a proposal to insure a 39-year-old quarterback with 19 years of service, they need to have taken it at any value,” he informed Sportico. “I do know hindsight is 20/20, however he’s a 39-year-old quarterback.”
This isn’t the primary time that the Jets has chosen to forgo insurance coverage protection for its gamers, as Sportico revealed that the workforce has avoided investing in TTD insurance policies for a minimum of a decade.
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