Question

in february 2001, an nfl player securitized the remaining $5 million that he was owed by his team. he had last played in the nfl in 1996. but as part of his playing contract, he was still owed $200,000 per year over the next 25 years. who was that player?

Answer 1

In 2001, Ricky Williams securitized the future payments owed to him by his NFL team, involving a sum of $5 million paid as $200,000 annually over 25 years.

Step-by-step explanation:

The NFL player who securitized the remaining $5 million in February 2001, that was owed to him as part of his contract, even though he last played in 1996 is Ricky Williams. The structure of his contract allowed him to receive $200,000 per year for 25 years. This type of financial arrangement is quite unique in the sports world, mirroring a financial instrument where future payments are converted into a lump sum present value.

Answer 2

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.