Soliai took out insurance | FinHeaven - Miami Dolphins Forums

Soliai took out insurance

andyahs

andyahs

Bahamian Redneck
Super Donator
Club Member
Joined
Jul 10, 2005
Messages
24,603
Reaction score
63,966
Location
Bahamas
In response to the item posted earlier today regarding the insurance policy purchased by Eagles receiver DeSean Jackson, who’s in the final year of a slotted rookie deal and making, in comparison to his talents, a bag of stale peanuts, agent David Canter advises that Dolphins nose tackle Paul Soliai has done the same thing.

“I spoke with Paul Soliai’s financial advisor Jeffrey Glusman after a brief discussion on a long-term deal with the Dolphins went nowhere and together we advised Paul to do the same thing this prior to the start of the first preseason game,” Canter told PFT, via email. “Through Jeffrey, Paul was able to get $10 million in injury coverage and $5 million in loss of wage coverage. Paul is making $12.476 million on a one-year, fully guaranteed franchise tag, but we wanted to insure that the long term financial protections were in place.”


More and more players who have yet to get their big-money, long-term deals are buying insurance against the worst-case scenario. It’s not cheap, but it’s smart; as we learned last Sunday (and pretty much every Sunday), serious injuries can occur at any time.


As to Soliai, it’s not known whether the policy covers the possibility that his beard will swallow his head.
Click to expand...

http://profootballtalk.nbcsports.com/2011/09/15/soliai-took-out-insurance-too/
 
This is actually a very wise decision. It would behoove more NFL players in the final year of a contract to take such measures to ensure their longer term finial health in the event that injury occurs in said final year. It also takes the distraction of off-season activities out of the daily season play so that the focus can remain the job at hand, playing your position.
 
NY8123 said:
This is actually a very wise decision. It would behoove more NFL players in the final year of a contract to take such measures to ensure their longer term finial health in the event that injury occurs in said final year. It also takes the distraction of off-season activities out of the daily season play so that the focus can remain the job at hand, playing your position.
Click to expand...

Agree completely . . . its really a win win for both parties. If a team doesn't want to give the long term security to a player right away, a player can feel comfortable giving his all knowing if he does get hurt he is covered by insurance . . . yet still attempting to play at a high level to get that long term extension.
 
Slim said:
Wow great idea. Bet this will become the new trend in sports.
Click to expand...
I dont know what took them so long, models, actors, and singers have been insuring their legs, voices, etc... for quite some time.
 
Slim said:
Wow great idea. Bet this will become the new trend in sports.
Click to expand...

Most definitely . . . In Soliai's case, I can understand a team being weary of extended a guy who just "got it" last year, in a contract year, theoritically knowing it was his chance to get that big payday. So Soliai is very just taking out a policy, just in case . . . and at the same time not feeling fed up that he played under a 4th round rookie contract, showed improvement, yet he could break something in this "franchise year" and not be protected long term.

However in cases like Desean Jackson, its sad that a team will give in to players who have big deals and want them restructured a year or 2 in because of what another man got, but wont secure a guy who has been productive from day 1, just complained about his contract this season, and rightfully so, 700,000 is laughable to give Desean Jackson. Philly is doing themselves a disservice by not working out a longterm deal with that kid. Another guy who took out insurance who is protecting their future. If the owners are going to treat football like a business, the players have to do so as well, because Philly isn't giving out any restitution if Desean gets hurt.
 
Slim said:
Wow great idea. Bet this will become the new trend in sports.
Click to expand...


This has actually been going on for a long time.

I got an athletic scholarship to university of Alabama, and they told you that if you thought you had the potential to make money after college, you had the option to take an injury insurance policy out on yourself in the event that you have some sort of career ending injury. I'm sure professional level athletes have those same options, they may just have never exercised them, or it wasn't being made known as regularly.
 
I wonder what we were offering him in a long term deal that he didn't agree to? Forget the insurance...what were the terms of the offer he rejected is what I want to know.
 
I still think he was one of the biggest reasons we lost last Sunday
They ran right up the gut and we had no push in there at all. I would not resign him nectar year.
 
Kdawg954 said:
Most definitely . . . In Soliai's case, I can understand a team being weary of extended a guy who just "got it" last year, in a contract year, theoritically knowing it was his chance to get that big payday. So Soliai is very just taking out a policy, just in case . . . and at the same time not feeling fed up that he played under a 4th round rookie contract, showed improvement, yet he could break something in this "franchise year" and not be protected long term.

However in cases like Desean Jackson, its sad that a team will give in to players who have big deals and want them restructured a year or 2 in because of what another man got, but wont secure a guy who has been productive from day 1, just complained about his contract this season, and rightfully so, 700,000 is laughable to give Desean Jackson. Philly is doing themselves a disservice by not working out a longterm deal with that kid. Another guy who took out insurance who is protecting their future. If the owners are going to treat football like a business, the players have to do so as well, because Philly isn't giving out any restitution if Desean gets hurt.
Click to expand...

they are willing to do the deal. they just dont think hes in larry fitgeralds class. they feel hes more in the $9 million range, jackson wants to be paid like the very top receivers in the game. its his choice to play for $700,000 or whatever it is. im sure he could have $25 million guaranteed if he wanted it. hes choosing to hold out for more
 
Soliai is not worth any big time long term deal, said it last year also. Biggest waste of 12 million dollars i have ever seen for this season. Guy beats up on an injured Mangold from the Jets and air heads proclaim him as being one of the best in the NFL ? LMAO. Never thought he was special, still do not.
 
Slim said:
Wow great idea. Bet this will become the new trend in sports.
Click to expand...

This has been a trend for a long time actually. Many players have insurance like this in all sports, and its not just for final years in a contract...NBA, MLB ect. This is not new.
 
hightempo said:
they are willing to do the deal. they just dont think hes in larry fitgeralds class. they feel hes more in the $9 million range, jackson wants to be paid like the very top receivers in the game. its his choice to play for $700,000 or whatever it is. im sure he could have $25 million guaranteed if he wanted it. hes choosing to hold out for more
Click to expand...

He definitely isn't in Larry's class as a WR, but as a playmaker he is in a class of his own. I'm no agent, but Desean Jackson deserves his payday . . . dude has done nothing but made plays since stepping on the field in the NFL. He has done it with McNabb, Kolb and Vick . . . so it isn't just a Vick thing . . . the guy is a hell of a player. Plus everybody knows his impact in the return game.
 
You must log in or register to reply here.
Back
Top Bottom