Offensive lineman Chance Warmack signed with the Philadelphia Eagles this offseason on a one-year, $1.5 million deal, and according to ESPN.com's Darren Rovell, that triggered a loss-of-value insurance policy Warmack established.
Per that report, "Warmack took out an insurance policy that would have him collect if his second contract in the NFL was less than $20 million, sources told ESPN."
Warmack is reportedly the first NFL player to cash in on such a policy and was "informed by Lloyd's of London this week that he would receive the maximum payout of about $3 million.