Ifo Ekpre-Olomu triggers draft insurance policy by going unpicked on first two days

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The torn ACL that Oregon cornerback Ifo Ekpre-Olomu suffered while preparing for the college football postseason in December is almost certainly the reason why he hasn’t been picked at this point in the 2015 draft, which is exactly why the school purchased an insurance policy to protect the player financially before the start of his final college season.

Ekpre-Olomu was insured against an injury that ended his career as well as one that caused him to lose value by virtue of a tumble down the draft board. The cornerback’s policy, which cost the school $40,000 in a relatively new move that schools have used for pro prospects who might otherwise go pro, and calls for a $3 million payout because Ekpre-Olomu slipped below the first picks of the third round.

As those who have dealt with insurance companies may know, the road from calls for to pay out isn’t always a smooth one. Darren Rovell of ESPN reports that no college player who had a loss of value policy has ever collected and notes that USC Marqise Lee is trying to collect on money he believes he’s owed after dropping to the 39th pick in 2014.

Texas A&M tackle Cedric Ogbuehi had a similar policy bought for him by the school and also tore his ACL in the postseason, but he wound up going in the first round to the Bengals.

21 responses to “Ifo Ekpre-Olomu triggers draft insurance policy by going unpicked on first two days

  1. If he was 6′ he would have already been taken (even with his knee) but with his short stature and knee injury everyone is avoiding him. I have a feeling if he rehabs the right way someone will get a huge steal later on in the draft.

  2. This is why you go when you are a sure 1st round pick. You can return for a few more classes, but that guaranteed 8-figure contract doesn’t come back. Trust me, I’d trade my master’s from Hopkins for that sum.

  3. The way I read Rovell’s article, the schools paying for insurance just started prior to 2014. Nobody had collected because only 1 person slipped far enough in the draft, prior to today. The one exception is MHill, who has a claim against Lloyds of London, which they have yet to respond to. This article reads like all the insurance companies are stiffing people. Don’t think that’s the case.

  4. How dare you insinuate that an insurance company might be dishonest or greedy! Next to politicians, they’re the most honest, trustworthy group in America?

  5. I’m no fan of the NCAA and it’s ridiculous rules, but am I the only person who is wondering how it can not be considered an impermissible benefit for a school to spend $40,000 to get a player to stay in school?

  6. Cliff Paul, Sebastian Curry and Flo from Progressive demand explanations!

  7. lukedunphysscienceproject says:
    May 2, 2015 3:45 PM

    I’m no fan of the NCAA and it’s ridiculous rules, but am I the only person who is wondering how it can not be considered an impermissible benefit for a school to spend $40,000 to get a player to stay in school?

    =====================================
    The NCAA passed this rule several years ago to protect these guys who may be ready for the NFL but wish to return to school and get their degree. I don’t see a problem with this. It’s probably the least a school can do for these kids who have serious NFL potential. I also think it’s the right thing to do for the kids. It’s not like they are giving the kid the $40k. Plus, as someone else mentioned, it’s not like anyone has ever collected so if anything, the insurance companies are the ones who are getting over with this.

  8. Come on .The NCAA does it for their own greed of having star players keep playing for free,so the universities can keep making money on them. Do you think they do this for all sports men and women? $40K is nothing to them.Hell they should give it to the player, compared to what the generate for the team.

  9. Plus the schools are duping the players to play for free because the insurance companies haven’t paid.

  10. The school is hoping he eventually lands a big contract and then gives the school a nice donation back for taking out that policy or gives them a piece of that 3 mil he is going to get.

  11. Mariota had one too….

    Duck fan here. It was brutal when he went down, in practice no less. I was really happy to hear that he had the policy.

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