Gurley is a Millionaire

[awbuzz]

Somehow this just seems excessive to me.
Link
"Sources say Georgia paid in between $50,000 and $60,000 for the policy."
"previously had $5 million in total disability and $2.5 million in loss of value insurance"
"...$5 million for total disability if Gurley got injured and never played again and $5 million in loss of value insurance, which would kick in if Gurley injured himself and slipped in the draft."
"... Gurley would start to collect on his loss of value insurance if he slipped out of the first round. He would collect the full $5 million if he somehow went undrafted. He also could collect $5 million if the injury prevented him from ever playing again."

 

[Whiskey_Clear]

It honestly doesn't seem excessive to. If he had stayed healthy and refused to run 40 at combine he very likely still would have been drafted in the top 10-20. That would have earned him much more than 5m. No one forced the insurance company to cover him. They gambled and...both lost?

 

[awbuzz]

That's a risk he takes to improve his stock. To drop that kind of $ on a policy is basically buying a player "legally" in the eyes of the NCAA.
I'd understand a $250K - $1MM max. But that'd probably range as $5K to $6K in premiums, which is still a benefit that others don't "get".

 

[Jerry the Jacket]

Well Obama will get 35% of it and Nathan Deal will get 15%. The rest will probably go for whores, drugs and to the posse! Have fun Girlie Man.

Go Jackets!

 

[Aanderson1839]

Did Calvin had one? Or maybe it was just discussed getting him one if he stayed his Sr. Year?