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View Full Version : Colt's insurance policy: up to $5M


j-6
07-26-2009, 12:40 PM
http://sports.espn.go.com/ncf/news/story?id=4356869


Add Texas quarterback Colt McCoy to the list of returning seniors who have taken out a large insurance policy in case of injury.

Brad McCoy, Colt's father, said Sunday that Colt has a policy that would pay between $3 million and $5 million in the event of a career-ending injury.

"The premium is astronomical," said Brad McCoy. "But the payback in the event of a catastrophe puts the monetary value there. We felt it was the prudent thing to do."

Sam Bradford's father, Kent, is an insurance specialist. And because his son is a client, he declined to provide any specifics regarding Sam's policies.

However, Kent Bradford said Sunday: "The odds of a kid getting a career-ending injury is slim. But if it did happen, and you had the chance to insure, chances are you would feel pretty dumb. You're insuring earnings power."

What kind of salary does a 3A coach pull, wink wink?
mookie2001
07-26-2009, 12:54 PM
if you read texags cart mccry took out the policy to save him from his 4th injury by the wrecking crew
j-6
07-26-2009, 01:03 PM
if you read texags cart mccry took out the policy to save him from his 4th injury by the wrecking crew

LOL

http://www.texags.com/main/forum.reply.asp?topic_id=1450919&forum_id=5
johngateswhiteley
07-26-2009, 07:15 PM
if you read texags cart mccry took out the policy to save him from his 4th injury by the wrecking crew

sounds about right.
Cant_Be_Faded
07-26-2009, 07:29 PM
texags website is the funniest thing of all time

they all jack each other off about how they might beat baylor and kstate
mookie2001
07-26-2009, 07:33 PM
there are people on there who actually think their 2010 commit list is going to help them in 2009
mookie2001
07-26-2009, 07:37 PM
they also had a 50 page thread on why tech ISNT a rival

rofl
chode_regulator
07-26-2009, 07:51 PM
:lmao at previous four posts
tsb2000
07-26-2009, 11:41 PM
This is normal for all potential pros. This is how colleges can "pay" student athletes and still keep them in school. The insurance policies have a cash value that the athlete can draw against until they're drafted, then they just settle up with that signing bonus money once they go pro.
Holmes_Fans
07-27-2009, 10:12 AM
Lol @ aggies making fun of a player being hurt when Stephen McGee was their QB last year.
timvp
07-27-2009, 03:15 PM
:lol

I like this 4cc guy. He is gritty and gutty.

And has high levels of moxie.
SpuronyourFace
08-02-2009, 12:43 PM
if you read texags cart mccry took out the policy to save him from his 4th injury by the wrecking crew

LOL

Wrecking crew is extinct and dead, never to return.

Aghey fan makes me laugh.
bugoy
08-02-2009, 04:44 PM
http://upload.wikimedia.org/wikipedia/en/8/8d/Wrecking-crew.png
word
08-23-2009, 09:37 AM
http://sports.espn.go.com/ncf/news/story?id=4356869



What kind of salary does a 3A coach pull, wink wink?

You don't pay the premium till you get paid in the NFL. Last I heard the insurance was 100k per million. So, if he insured for $5 million then he'll owe whoever insured him 500k once he enters the NFL.

I'm sure they're all sorts of stipulations in this.
Cant_Be_Faded
08-23-2009, 01:12 PM
Cart McCry is the only player pussy enough to have an insurance policy.