Jake Butt Collects $543k On Insurance Policy With Draft Slide

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Jake Butt Collects $543k On Insurance Policy With Draft Slide 

Post#1 » by RealGM Wiretap » Sat Apr 29, 2017 11:37 pm

Jake Butt slipped to the Denver Broncos in the fifth round at No. 145 overall but will receive compensation for his loss of value.

Butt suffered a torn ACL in the Orange Bowl.

Butt had taken a $2 million loss-of-value policy that he started collecting insurance on when he wasn't picked in the top half of the third round Friday night.

Butt first started collecting, at $10,000 a pick tax-free, in the middle of the third round. Butt was set to receive $543,000 on the policy.

Butt was the 2016 Mackey Award winner for the best tight end in the nation.

Via Darren Rovell/ESPN

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