Eagles’ Josh Adams collected $500,000 insurance policy after going undrafted

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After going undrafted this year, Josh Adams did pretty well for himself: He signed with the Eagles as a free agent, started out on the practice squad but then made the active roster, and in Week Three made his NFL debut, rushing six times for 30 yards in a win over the Colts.

And Adams also did pretty well for himself in another respect: He collected on a $500,000 insurance policy after he went undrafted.

That’s the word from Darren Rovell of ESPN, who reports that Adams took out the policy while he was at Notre Dame and was able to collect on it after a foot injury caused his draft stock to fall.

Insurance policies are a wise choice for college players with NFL potential. An injury suffered while an amateur can cost players millions. Adams has a base salary of just over $400,000 this season, so his insurance policy will actually pay him more than he makes on the field for his rookie year.

7 responses to “Eagles’ Josh Adams collected $500,000 insurance policy after going undrafted

  1. That’s why it’s always a good idea to have insurance! Better to have it and never need it than need it and not have it! No, I’m not an insurance agent! I carried a $100k life insurance policy, paying increasing premiums for 32 years and thankfully never needed it. But stopped paying increasing premiums this year. I’m still healthy and living stronger! My beneficiaries don’t need it anymore!

  2. Wow. An athlete with a brain. Note to all the college fools who avoid bowl games. Buy some insurance, punks.

  3. $500k. Lol. Jaylon Smith lost way more than that after his injury. This guy was a late rounder at best. I mean good for him. But guys like Nick Bosa could lose more than this dropping 1 spot in the first round, much less a whole round. Better to skip.

  4. Insurance payments are 100% tax free! He also doesn’t need to pay an agent any kind of commission. Great deal!

  5. Many colleges will offer to pay loss-of-value insurance premiums as a recruiting tool. Jaylon Smith collected like $700,000 for dropping a round, but will likely have to pay it back if he earns a second contract.

  6. This demonstrates why guaranteed contracts aren’t needed in NFL. Player takes out an insurance policy and gets paid if injury shortens career. Team can release a player who can’t play. Easy peasy.

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