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Former Dolphins RB Jay Ajayi receives settlement for NFL insurance policy

May 31, 2022 by Dolphins Wire

Former Miami Dolphins running back Jay Ajayi had one of the more interesting football journeys in recent memory.

He was born in London before making his way to Boise State and being drafted by the Dolphins in the fifth round of the 2015 NFL draft.

Ajayi spent just 2.5 years with the Dolphins, before being traded to the Philadelphia Eagles for a conditional fourth-round pick. During his time with Miami, he rushed for 1,924 yards and nine touchdowns on 4.3 yards per attempt while recording 48 receptions for 308 yards. His 2016 performance earned him a Pro Bowl nomination.

Unfortunately, just four games into Ajayi’s first full season with the Eagles, he suffered a torn ACL. He missed the remainder of 2018 and only played in three games in 2019, the final three games of his career.

Luckily for the running back, he had taken out an insurance policy in case a serious injury were to happen. In that case, he would receive a maximum payout of $5 million after taxes.

Since he signed just a one-year contract for $805,000 in 2019 after the injury, that insurance policy was supposed to kick in. However, there have been battles that have prevented that from happening.

According to NFL Network’s Ian Rapoport, Ajayi’s business manager, Joshua Sanchez, has confirmed that the running back has received a settlement for his loss-of-value insurance policy. It’s unclear how much Ajayi received from the policy, but at least the fighting has finally stopped between the two sides and he can receive at least some of what he’s owed.

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