The former Michigan star suffered an extremely costly injury in the Orange Bowl.
Jake Butt tore his ACL in Michigan's Orange Bowl loss to Florida State at the end of the 2016 college football season.
That injury ended up costing him nearly $3 million.
Butt, a potential first or second round pick, ended up sliding into the fifth round, taken by the Denver Broncos.
Even with his insurance policy, Butt ended up losing about $2.8 million.
ESPN's Darren Rovell has a further explanation on his situation:
Butt had taken a $2 million loss-of-value policy that he started collecting insurance on when he wasn't picked in the top half of the third round Friday night.
He first started collecting, at $10,000 a pick tax-free, in the middle of the third round, a source with knowledge of the policy with ISI told ESPN. By being passed over in the fourth round as well, Butt was set to receive $543,000 on the policy.
Will we start seeing more players skip bowl games as a result of what's happened?