New York Jets’ resolution to skip insurance coverage on Aaron Rodgers proves pricey

The New York Jets reportedly selected to not buy incapacity insurance coverage for Aaron Rodgers earlier than the beginning of the 2023 NFL season.

The choice got here regardless of the Jets being provided a number of insurance policies for the veteran quarterback, a report by Sportico famous, doubtlessly costing the staff over $20 million in insurance coverage proceeds.

Rodgers had simply signed a revised two-year $75 million cope with the staff however suffered an Achilles tendon harm within the first recreation of the season.

Momentary complete incapacity (TTD) insurance policies may also help groups recoup vital parts of a participant’s assured wage in the event that they maintain such season-ending accidents. Sources cited by Sportico revealed that a number of insurance policies had been provided to the staff, with premiums starting from roughly $1 million to $4 million. The best-end choices would have lined round 60% of the $37 million that Rodgers was set to obtain this season.

As Rodgers continues his restoration, discussions relating to the potential for implementing a league-wide TTD protection system throughout the NFL have began to realize traction. Buying TTD insurance policies stay on the discretion of particular person groups, with insiders estimating that round 65 gamers within the league presently have contracts lined by TTD insurance policies

Insurance coverage restoration legal professional Richard Giller mentioned the choice ought to have been a “no-brainer” for the Jets, given Rodgers’ age and years-long profession.

“If they really had a suggestion to insure a 39-year-old quarterback with 19 years of service, they need to have taken it at any price,” he informed Sportico. “I do know hindsight is 20/20, however he’s a 39-year-old quarterback.”

This isn’t the primary time that the Jets has chosen to forgo insurance coverage protection for its gamers, as Sportico revealed that the staff has avoided investing in TTD insurance policies for no less than a decade.

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