Ajayi can reportedly make up to $5 million from an insurance policy he took out prior to the start of the season.

By Alaa Abdeldaiem
October 11, 2018

Philadelphia Eagles running back Jay Ajayi had a loss-of-value insurance policy in place before he tore his ACL on Sunday, NFL Network's Ian Rapoport reported on Thursday.

Ajayi, who is set to become a free agent after 2018, took out the insurance policy before the start of the season, as he also did last year. The policy can pay him up to $5 million, tax free, if he loses money in free agency as a result of the injury. Ajayi knew he was "valued as a significant free agent," per Rapoport, and sought protection from a drop in his market value.

The policy reportedly costs somewhere between $80,000 to $100,000.

Ajayi had long battled injuries to his right knee during his time with the Miami Dolphins. The Eagles acquired Ajayi for a fourth-round pick just before the trade deadline last year. Ajayi played just four games and rushed for 184 yards this season. 

The 25-year-old running back was scheduled to have surgery on the torn left ACL on Thursday after being placed on IR on Monday.

He has a career 562 carries for 2,516 yards and 13 touchdowns. 

The Philadelphia Eagles (2–3) play the Giants (1–4) on Thursday at 8:20 p.m. ET.

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