Running back buys $10 million insurance cover

The $50,000 policy is designed to provide cover if he fails to get a contract extension

Running back buys $10 million insurance cover

Insurance News

By Ryan Smith

Atlanta Falcons star Devonta Freeman is entering a contract year – and he’s purchased a $10 million insurance policy in case he and the team can’t agree to an extension.

Freeman paid about $50,000 for the policy, according to

Celebrate excellence in insurance. Nominate a worthy colleague for the Insurance Business Awards!

Freeman, one of the most dynamic running backs in the NFL, believes he deserves more money. His performance on the field gives him plenty of fuel to back that claim: over the last two seasons, he’s combined for almost 3,200 yards and 27 touchdowns, according to

Currently, the Buffalo Bills’ LeSean McCoy is the highest-paid running back in the NFL, with a contract that pays him $40 million over the next five years. Freeman’s new contract with the Falcons is expected to exceed that, according to – the main question in how much he’ll be paid during the first years of the contract.

Freeman’s caution on that score makes sense – running backs, in general, have a much shorter earnings period than many other players. If he were to be injured in a training camp before a deal is signed, it could radically reduce his future earnings potential, FalconsWire reported.

Freeman is currently slated to make $1.8 million for the 2017 season.

Related stories:
Insurance wanted for Wyoming quarterback
Sports stars pick-up insurance ahead of big money drafts

Keep up with the latest news and events

Join our mailing list, it’s free!