Report: Jake Butt has made $150K by not being drafted

Michigan tight end Jake Butt has yet to hear his name called through three rounds of the NFL draft - and that could be great news for his bank account.

Butt, whose draft slide is almost certainly due to a torn ACL suffered in the Wolverines' bowl game in late December, has an insurance policy that pays him $10,000 for every pick he's not chosen since the middle of the third round, according to ESPN's Darren Rovell.

So far, the policy has paid him $150,000.

At this point, he might be better off hoping his draft slide extends well into the late rounds.