Money Out The Window

A week after the NFL draft, we can take a look at the winners and losers. Anyone who was drafted ahead of their projected slot made money. A number of players, for various reasons, fell to later rounds. In some cases, it cost them millions.

TE Jake Butt of Michigan was considered to be a first or second round pick before he suffered a torn ACL in the Orange Bowl. He fell to the fifth round before being selected by the Broncos with the 145th overall pick.

Lucky for him, he had taken out a $2 million loss-of-value insurance policy which gave him $543,000 because he was not selected by the top half of the third round.

In the end, after all the numbers were crunched, Butt will end up losing around $2.8 million over the lifetime of his rookie contract.

It's easy to see why some players don't want to play in the post-season. They can lose a lot of money if they get hurt.