Jacksonville Jaguars wide receiver Marqise Lee filed a lawsuit against Lloyd's of London on Tuesday in California.
According to ESPN.com's Darren Rovell, Lee claims to be owed $4.5 million, stemming from an insurance premium he paid while in college at USC to protect against an injury in the event he slid in the 2014 NFL draft.
Lee paid Lloyd's $94,600 before his junior season with the Trojans. The primary stipulation of that premium was that if Lee were offered an NFL contract worth less than $9.6 million, Lloyd's would cover the rest of the amount free of tax.
Due in part to a historic, deep 2014 receiver class in the draft and in part to a knee injury Lee suffered in late September 2013, the Jaguars didn't take Lee until the 39th pick in the second round. This drove his contract down to a four-year, $5.174 million deal (per Spotrac.com).
It's hard to poke any holes in Lee's case, given the rather straightforward nature of the policy. Lloyd's will likely have to pay up soon enough, so in terms of finances, Lee might as well have been a first-round pick.
Unsteady quarterback play from fellow rookie Blake Bortles contributed to Lee's unspectacular first year in Jacksonville. The 23-year-old wideout caught 37 passes for 422 yards and one touchdown in 13 games.
Although he could still emerge as one of the best among his draft peers, Lee has a long way to go to emulate the likes of Sammy Watkins, Mike Evans and Odell Beckham Jr., all of whom were exceptional in 2014.
A lot of Lee's fortunes fall on how good Bortles winds up being—along with whether Lee can distinguish himself among many young Jaguars pass-catchers.
The team's receiving corps features Allen Robinson and Allen Hurns and could welcome back Justin Blackmon soon, so Lee will have to step up to produce better in the coming seasons.