Philadelphia Eagles running back Jay Ajayi has dealt with all kinds of injury issues through his career, and he will now miss the rest of the season with a torn ACL. He is scheduled to be a free agent this offseason and could get a smaller contract because of the injury concerns, but the good news for Ajayi is that he does have an insurance policy protecting him from such a situation.
Ian Rapoport of NFL Network talked to Ajayi's business manager Josh Sanchez, who says the back has loss of value insurance. According to the policy, Ajayi can collect a maximum payment of $5 million after taxes if the injury impacts his free agent stock.
In other words, if Ajayi's free-agent value goes down, the policy will help make up the difference. Let's say he's valued as being able to earn a four-year, $16-million contract before the injury. But now, he ends up earning just $8 million over four years.
The policy should end up paying him to make up the difference with $5 million tax-free. Similar policies generally can cost as much as $80,000-$100,000.
There is no question Ajayi is a good running back, but the injuries to his knees were already concerning before this latest ACL injury. Before the injury, Ajayi had rushed 45 times for 184 yards and three touchdowns. It's unclear if the Eagles want to bring him back with all their other options at the position, but it seems like a good possibility the injury could hurt his free agent market this offseason.
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