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McGahee took out $2.5 million insurance policy days before the Fiesta Bowl

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McGahee took out $2.5 million insurance policy days before the Fiesta Bowl

Old 01-06-03, 10:45 PM
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McGahee took out $2.5 million insurance policy days before the Fiesta Bowl

Lucky for him, but turned out to be a bad omen.
Old 01-06-03, 11:42 PM
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Wow, great for him. Still sucks his career got derailed, but at least he didn't come out empty handed.
Old 01-07-03, 12:05 AM
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Good for him. To me it looked like Allen did that on purpose. Because Maimi had all the momentum at that point and Ohio state was going down.
Old 01-07-03, 12:28 AM
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Originally posted by damn_skippy
To me it looked like Allen did that on purpose. Because Maimi had all the momentum at that point and Ohio state was going down.
Hogwash
Old 01-07-03, 12:41 AM
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Originally posted by Ranger02
Hogwash

Maybe your a little biased.
Old 01-07-03, 12:44 AM
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Old 01-07-03, 12:44 AM
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Pretty wise, still sucks that he got injured
Old 01-07-03, 08:36 AM
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Smart guy. I guess he was planning to enter the draft.
Old 01-07-03, 09:18 AM
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Yah, this IMHO proves he was going to go pro. Sucks he got his career derailed, but at least if he never plays again due to his injury, he'll ge something from it. Was a smart move.
Old 01-07-03, 09:30 AM
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Makes sense. I'd never heard anything like this before, but it does make sense when something like this is available. He covered his arse with that policy

Last edited by Deadpool; 01-07-03 at 09:35 AM.
Old 01-07-03, 09:33 AM
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Originally posted by Deadpool
Makes sense. I'd never heard anything like this before, but it does make sense when something lkike this is available. He covered his arse with that policy

Actually, I think it is fairly common among college athletes - certainly the top ones who are nearing the draft.

Pro athletes and teams do this all of the time. For example, when the Orioles signed Albert Belle, they took out an insurance policy on the contract (since the contract was guaranteed). If Belle was unable to fulfill the contract due the injury, the insurance company covered 70% of the remaining obligation left on the contract.
Old 01-07-03, 10:39 AM
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And in fact the NCAA has a sponsored program to assist student-athletes in obtaining insurance coverage under certain situations (including covering all or part of the costs in certain financially necessary situations). McGahee may have qualified for the NCAA coverage as well, so he might have even more coverage than the reported $2.5 mil.
Old 01-07-03, 10:47 AM
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Just like RedDog and wlmowery stated - I thought that this was pretty typical for atheletes and organizations to do.
Old 01-07-03, 01:04 PM
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I know Kelly Washington from Tennessee has said that he had insurance on himself and that even if he never plays again because of his neck injury he will get a couple of million.
Old 01-07-03, 01:15 PM
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I need to get me an insurance plan that says if I dont make the NFL, I get a couple mil
Old 01-07-03, 01:19 PM
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Thank God!
Old 01-08-03, 08:26 AM
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Good Idea, but what a bad omen.

Do any of you think he will take a medical redshirt next year or do you think he will try to make it back for the season, if possible? I would like to see him redshirt so he can try to come back in the best shape possible, but I just don't see him doing it. I know it would be more time spent on the sidelines and that would suck, but it would be better for him in the long run imo.
Old 01-08-03, 09:31 AM
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In my opinion, having gone through an ACL and Meniscus repair a while back (can't be almost 8 years already, can it???), there is no way he'll be ready to play by August or September of this year, so the school may not give him a choice about redshirting. A double ligament repair takes 8-10 months to get back to full speed, but that DOESN'T include taking high impact shots like a RB would incur.
Old 01-08-03, 10:13 AM
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That's what I was thinking, but w/ the way some people seem to heal post-op nowadays, I wouldn't be surprised to see him come back next season, even if he misses a few games. Which, imo, would be rushing the healing process a little too fast and just plain stupid.
Old 01-08-03, 11:30 AM
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Most running backs who go through the ligament surgeries might be able to come up within a year, but they don't feel like their old selves until a couple of years have passed (w/r/t cutting and start/stop, and accelerating while running).
Old 01-08-03, 01:23 PM
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Well, he essentially has 8 months as he'll need to be ready to go for fall practices in August at the latest (given that Miami is likely to have a spare RB to run in there... ). A single ligament case MIGHT be ready for running and cutting full speed in 8 months with some damn good PT and a real drive (heck, ole lazy me got back to the golf course in 4 months so ANYTHING'S possible)....

But a double ligament case will not be able to take the stress of contact after 8 months... just too much risk given the greater instability to the knee created by the loss of the second ligament. Miami would be foolish to do anything but redshirt him...
Old 01-09-03, 01:16 PM
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Originally posted by twikoff
I need to get me an insurance plan that says if I dont make the NFL, I get a couple mil
Word!

But seriously... good for him... (I'll stop before I spout out something about not having any other marketable skills... yada yada yada...)
Old 01-09-03, 01:43 PM
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The Plan:

1. Take out an insurance policy
2. ???
3. Profit!
Old 01-09-03, 02:45 PM
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http://www.activedayton.com/ddn/spor.../0109arch.html
Old 01-09-03, 03:12 PM
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$20,000 loan huh... riiiiiiiiiight!!!!!

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