New York Jets’ resolution to skip insurance coverage on Aaron Rodgers proves expensive
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 supplied a number of insurance policies for the veteran quarterback, a report by Sportico famous, doubtlessly costing the group over $20 million in insurance coverage proceeds.
Rodgers had simply signed a revised two-year $75 million take care of the group however suffered an Achilles tendon harm within the first recreation of the season.
Non permanent whole 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 a number of insurance policies have been supplied to the group, with premiums starting from roughly $1 million to $4 million. The very best-end choices would have coated 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 presently have contracts coated by TTD insurance policies
Insurance coverage restoration legal professional Richard Giller stated 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 price,” 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 group has kept away from investing in TTD insurance policies for a minimum of a decade.
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