New York Giants receiver Odell Beckham Jr. is thinking about securing an insurance policy for over $100 million in injury protection, sources say.
The NFL player will reportedly acquire insurance if he does not reach a contract extension with the team before the regular season begins.
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Sources close to the matter told Yahoo Sports that Beckham’s camp considered injury insurance prior to Monday, when the player suffered a severely sprained ankle in a preseason game.
“[If a deal isn’t done] by the regular season, he’ll take steps to protect himself. [But] a new deal is preferable to adding insurance,” a source said.
According to sources, a one-season insurance policy worth more than $100 million would likely cost Beckham over $600,000 – depending on the specifics of the coverage.
Beckham, one of the game’s most popular players, could land a record-breaking wideout contract topping $100 million. One of the other sources said that the player will “take steps to protect himself” if he is unable to get a new contract with the Giants, but Beckham prefers an extension.
Beckham aims to be the highest-paid NFL player. Although Giants co-owner John Mara has expressed interest in re-signing Beckham, he has not confirmed when it will happen.
“There’s no reason to rush into this,” Mara told NJ Advance Media late last month. “He’s going to get paid a lot of money at the appropriate time. You can argue that the appropriate time is now, but you can argue both sides of that, I guess. It will happen when it happens.”
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