Jaylon Smith and Myles Jack were the two best linebackers in college football last year. They both suffered serious knee injuries that caused them to drop in the draft. They both had insurance policies designed to protect them in case of an injury. But only Smith will collect on that policy.
That’s because Smith bought a policy that came with a significant payout if he dropped into the second round of the draft, while Jack bought a policy that would only pay out if he fell past the 45th pick.
Smith’s policy will pay $900,000 because he fell all the way to the 34th overall pick in the draft, Darren Rovell of ESPN reports. That doesn’t make up for the money Smith lost with his injury: If he’d been the third overall pick he would have signed a contract with a total value of about $26 million, but as the 34th overall pick he’ll get about $6.5 million on his rookie deal. Still, a $900,000 payout takes a little of the sting off his injury.
But Jack won’t get any insurance money. His policy would only pay if he dropped below the 45th overall pick, and the Jaguars drafted Jack at pick No. 36. Jack will make about $6.3 million on his rookie contract, but nothing from insurance.