New York Jets’ choice to skip insurance coverage on Aaron Rodgers proves expensive

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 supplied a number of insurance policies for the veteran quarterback, a report by Sportico famous, probably costing the workforce over $20 million in insurance coverage proceeds.

Rodgers had simply signed a revised two-year $75 million take care of the workforce however suffered an Achilles tendon harm within the first sport of the season.

Temporary whole incapacity (TTD) insurance policies can assist groups recoup important 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 supplied to the workforce, with premiums starting from roughly $1 million to $4 million. The highest-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 opportunity of implementing a league-wide TTD protection system throughout the NFL have began to achieve traction. Purchasing 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 restoration legal professional Richard Giller stated the choice ought to have been a “no-brainer” for the Jets, given Rodgers’ age and years-long profession.

“If they actually had an offer to insure a 39-year-old quarterback with 19 years of service, they should have taken it at any cost,” he instructed Sportico. “I know hindsight is 20/20, but he is 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 workforce has kept away from investing in TTD insurance policies for at the very least a decade.

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