Final answer:
Troy Aikman was the NFL player who securitized the remaining $5 million he was owed by his team.
Step-by-step explanation:
Securitization is a financial process where illiquid assets, such as mortgages or loans, are bundled together and transformed into securities that can be traded on the financial markets. This practice allows financial institutions to raise capital by selling these securities, spreading risk and increasing liquidity in the market.
The NFL player who securitized the remaining $5 million he was owed by his team in February 2001 was Troy Aikman. Aikman had last played in the NFL in 2000, but as part of his playing contract, he was still owed $200,000 per year over the next 25 years. To turn this future income into immediate cash, Aikman decided to securitize the remaining amount he was owed.