DeSean Jackson and the Eagles haven’t come to agreement on a new contract, so Jackson found another way to protect his long-term financial interests before the season got underway.
Jeff McLane of the Philadelphia Inquirer reports that Jackson said that he took out a multimillion dollar insurance policy against a serious injury when he was holding out from the Eagles early in training camp. Per McLane, the details of the policy were finalized just before the opener against the Rams. Jackson, who is making $600,000 this season, said he doesn’t know the exact figure, but that the policy is worth “millions.”
Such policies are common among college players as protection against serious injury before they become professional athletes. It is a prudent move for those players and it would seem to be a prudent one for Jackson as well. He has a history of concussions, including one courtesy of a hit from Falcons cornerback Dunta Robinson. The Eagles play the Falcons on Sunday night.
Jackson’s policy runs through the end of this season. By that point he will be in position to get a new deal, either as a free agent or as the recipient of a franchise tag from Philadelphia, or he will have come to an agreement with the Eagles.
Or he’ll be injured and collecting the proceeds from the policy. That’s clearly a worst-case scenario, but that’s why insurance exists.