Before tearing his ACL Sunday against the Minnesota Vikings, Philadelphia Eagles running back Jay Ajayi had a loss-of-value insurance policy in place, which has the potential to pay him a hefty sum.
Ajayi is set to be a free agent after this season, and with this policy in place, he can be paid up to $5 million after taxes if he loses money in free agency (by becoming a lower-level FA) because of the injury.
Rapoport said that Ajayi knew he was "valued as a significant free agent," and because of that, he took out the policy before the season. It was a smart move from Ajayi, as he can now protect himself from a drop in his market value.
Ajayi, 25, is scheduled to have surgery on the torn ACL Thursday after the Eagles placed him on injured reserved Monday. He has had issues with his right knee dating back to his time with the Miami Dolphins, but this time, the injury has cost him the remainder of the season.
The policy reportedly cost Ajayi somewhere between $80,000 and $100,000.
In the four games he played this season, Ajayi rushed 45 times for 184 yards and three touchdowns. Now he'll have to wait to p