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LBs Jack, Smith insured for falling in draft
- Updated: April 29, 2016
9:12 AM ET
Two players who slipped past the first round on Thursday could benefit from insurance policies they took out while still in college.
Former UCLA linebacker Myles Jack has a $5 million loss of value policy. When his mother took it out two years ago, Jack became the first sophomore college football player ever to secure such a policy.
A source with knowledge of that policy says that Jack will start to collect if he falls to the 45th pick. But Jack only gets about $60,000 per pick after that. That means Jack will get back north of $1 million if he slips …
continue reading in source espn.go.com
