Report: E.J. Bibbs collects on $550,000 insurance policy

As a rookie in 2015, Cleveland Browns TE E.J. Bibbs had a base salary of $435,000 as an undrafted free agent. Despite not seeing much playing time -- he finished the year with just one catch -- he was on the roster all season, ensuring that he received the full amount of that salary.

Whether Bibbs makes the roster in 2016 under a new regime remains to be seen. If he does, his base salary would be $525,000. Even if he gets cut, though, he can rest a little easier knowing that he collected on a lucrative insurance policy from his college days.

According to Sports Illustrated, Bibbs took out the policy in August 2014 in the event that he went undrafted, because he had knee surgery earlier in the year. Bibbs did end up going undrafted, and collected on a $550,000 loss-of-value insurance policy. The article notes that Bibbs is one of three college players to collect on their policies. One of the other two players, if you recall, was former Browns CB Ifo Ekpre-Olomu. He collected a whopping $3 million for dropping from a projected 1st-round pick to a 7th-round pick due to injury.

Speaking of Bibbs, he recently tackled his fear of roller coasters at Cedar Point:

#Browns TE @EjbibbsGLA is terrified of roller coasters...

So @garybarnidge took him to @cedarpoint https://t.co/v9TgNeAKkc

— Cleveland Browns (@Browns) June 8, 2016