I suspect that he doesn’t have to pay the premium ... the premium is loaned to him and he pays it down the road out of his signing bonus. Next summer.
That’s correct..the premium is a “loan” that is repaid from the first signing bonus. For those who are interested in the details, a few weeks ago cnnsi.com had several articles about this...just SEARCH their website..however..if there are a few more substantial claims filed, and paid, then you can expect that either 1) future premiums will skyrocket, 2) coverage amounts will decrease, or 3) both...Look at the guarantees for the top players iin this years draft $25-$35 million..if the MAXIMUM insurance payof is going to be a few million, then no way the top players will defer...