Chance Warmack collects on historic insurance policy

[Mark Inabinett | minabinett@al.com]

Former Alabama All-American Chance Warmack probably figured his second NFL contract would be a lucrative one. As NFL contracts go, it wasn't.
Mark Inabinett | minabinett@al.com
Chance Warmack collects on historic insurance policy

 

[utstnx]

I don't get it. He had insurance that was supposed to pay if he made less than 20 mil. He got 1.5 mil and then Lloyds of London pays him 3 mil. I mean 3 mil is better than 0 mil but still. That ain't 20 mil.

 

[BamaFan334]

I don't get it. He had insurance that was supposed to pay if he made less than 20 mil. He got 1.5 mil and then Lloyds of London pays him 3 mil. I mean 3 mil is better than 0 mil but still. That ain't 20 mil.

Hedging his bets. Most likely can survive off $3M on top of all of his other money if he invests correctly, so yes, the $3M is less than the $20M, but it's still better than $0 due to injuries.

 

[colbyjacks]

It shows he also signed a 1 year $2.5 million for this upcoming season. If you can't "survive" on the 19 million you have received through the end of this year, then I don't know what to tell you.

 

[alabama mike]

Smart business decision IMO.