Report: Ifo Ekpre-Olomu to collect $3 million from insurance policy

hqdefaultOregon Ducks DB Ifo Ekpre-Olomu tore his ACL while his team was preparing for the Florida State Seminoles for the College Football Playoffs. Once considered a 2nd round pick, Ekpre-Olomu was picked in the seventh round in the 2015 NFL Draft. While it wasn’t the outcome he was expecting, he has some extra money coming his way. Before the start of the 2014 college football season, Oregon took out an insurance policy for their star DB. In that policy its states that if Ekpre-Olomu was injured, he would be paid if he slips past the second round. According to Darren Rovell of ESPN, Ekpre-Olomu is in line to collect $3 million from his insurance policy.

 

Former Oregon cornerback Ifo Ekpre-Olomu is in line to collect $3 million thanks to a loss of value policy that was purchased for him by the University of Oregon at the start of last year’s football season.

When Oregon bought the policy at the start of last season, the insurance company projected that Ekpre-Olomu would be called as the No. 12 pick if he didn’t get injured. But the consensus first-team All American, who tore his ACL in December in practice while preparing for the College Football Playoff, couldn’t perform at the combine or at a pro day due to the timing of the injury.

Ekpre-Olomu started collecting money when he wasn’t selected as the first pick in the second round on Friday night and was put in line to collect the full $3 million insured when he completely fell out of Round two.

 

Rovell as mentions that it will not be an easy road to get that insurance money. I wonder why would schools do this if the insurance company doesn’t want to pay out the money.

 

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