USC news: WR Marqise Lee picks up $10 million insurance policy

University of Southern California star wide receiver Marqise Lee has decided to obtain  a $10 million total disability insurance policy for this season, according to Darren Rovell of ESPN.com.

The disability policy would permit Lee to claim $10 million if he were to suffer a career-ending injury this year and he could also secure the money if he were to fall significantly in the NFL draft.

The policy that Lee chose was one he had to get outside of the NCAA’s insurance policy program, which has a maximum at $5 million insurance and also does not grant players who are in the program to pay addition money for the loss-of-draft-value insurance. The premiums for the policies in the NCAA program are financed through U.S. bank and require that the player must back the loan after he signs his first professional deal. The average cost of the premiums for these polices range from about $8,oo0 to 10,00 for every $1 million that is insured.

Lee is in junior year at USC and is projected by many NFL draft scouts and experts as the No.1 receiver and a top five selection for next year’s draft. Last season, Lee had 118 receptions, 1,721 receiving yards with 14 touchdowns and was a consensus All-American, won the Biletnikoff Award as college football’s best receiver and finished fourth in the Heisman Trophy voting.

By obtaining the insurance policy for this season, Lee is accompanying top-level players in South Carolina defensive end Jadeveon Clowney ($5 million) and Louisville quarterback Teddy Bridgewater ($10 million). Last year’s Heisman Trophy winner, Texas A&M quarterback Johnny Manziel, this past March said that he would secure an insurance policy for this season.

Lee also joins Matt Leinart and Carson Palmer as high-profile USC players who have taken out insurance policies while at the university. Palmer and Lienart both secured insurance polices for their final two seasons at USC. In Lienart’s senior year he had the loss-of-value insurance policy that would have paid him if he fell from his projection as the top the overall pick to the 15th selection in the 2006 NFL Draft but was he taken with the 10th overall pick by the Arizona Cardinals.

Last season, quarterback Matt Barkley decided to pass on the insurance policy for his senior year, and subsequently suffered a separated shoulder injury during the game against the crosstown rival UCLA Bruins that forced him to miss team’s season finale against Notre Dame and the Hyundai Bowl against Georgia Tech. Barkley was projected by many as the first overall pick in the 2013 draft but fell to the fourth round to the Philadelphia Eagles which cost him millions of dollars in his first NFL contract.


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Bob Garcia IV

Staff Writer at Sports Out West
Bob Garcia IV is a sports journalist from Southern California. He's currently the Los Angeles Lakers beat writer for Sports Out West. He is also currently covering the NBA and NFL for ClutchPoints. He was previously the beat writer for LA Rams Report for Scout.com, which is a website dedicated to covering the Rams. Lastly, he was a reporter for the award-winning newspaper, The Daily Sundial, at California State University, Northridge. You can follow him on Twitter, @BGarciaivsports.


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