You’ve heard of team’s insuring players’ contracts for medical purposes, and now a player has insured HIMSELF.
According to ESPN’s Darren Rovell, former Oregon Ducks cornerback Ifo Ekpre-Olomu has taken out a $3 million “loss of value” insurance policy out on himself.
Oregon CB Ifo Ekpre-Olomu has a $3M loss of value insurance policy. If he isn't drafted by early 3rd round, he will collect all of it
— Darren Rovell (@darrenrovell) May 1, 2015
The move sort of makes sense from Ekpre-Olomu’s end. He suffered a severe knee injury back in December, and the university took out the policy, covering the entire tab. Corner and/or defensive back is a deep position in any draft, so one can’t help but wonder where Ekpre-Olomu wants to be drafted.
On one hand, he gets to play in the NFL and potentially make a lot of money. On the other hand, he gets to do the same and also make $3 million.
Campus Sports will track Ekpre-Olomu and his draft progress.
*Featured Photo (above) credit to USA TODAY Sports