Israel Folau's reported payout from Rugby Australia has been leaked

Former Wallaby Israel Folau received a reported settlement of $8 million from Rugby Australia (RA) according to an Australia publication.

The 30-year-old was after $14 million in compensation for wrongful termination after RA sacked him for a code of conduct breach when he said on Instagram earlier this year "hell awaits" gay people.

RA was determined to hold its ground as mediation ordered by the Federal Circuit Court began this week and a marathon 12-hour session on Monday failed to yield a result as both sides remained at loggerheads.

However, on Wednesday afternoon, Folau and RA released a joint statement saying they had reached an agreement, settling for a confidential amount.

The Daily Telegraph reports that Folau received $8 million in the payout.

That number is much higher than expected.

Yesterday's statement said Folau "does not condone discrimination of any kind" and also reinforced RA's position that it does not agree with his views because the governing body preaches inclusivity within the sport.

Both parties apologised for any hurt the damaging saga has caused.

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"Rugby Australia, NSW Rugby and Israel Folau have today settled their legal dispute following the dismissal of Israel Folau after he posted a religious message on social media," the statement read.

"The social media post reflected Mr Folau's genuinely held religious beliefs, and Mr Folau did not intend to harm or offend any person when he uploaded the social media post.

"Mr Folau wants all Australians to know that he does not condone discrimination of any kind against any person on the grounds of their sexuality and that he shares Rugby Australia's commitment to inclusiveness and diversity.

"Rugby Australia and NSW Rugby do not in any way agree with the content of the social media post. Inclusiveness is one of rugby's core values and it welcomes all people to the game, including all members of the LGBTI community.

"While it was not Rugby Australia's intention, Rugby Australia acknowledges and apologises for any hurt or harm caused to the Folaus. Similarly, Mr Folau did not intend to hurt or harm the game of rugby and acknowledges and apologises for any hurt or harm caused.

"Rugby Australia and Mr Folau wish each other well for the future. The Parties do not intend to comment further on the terms of their settlement as it is confidential."

This article was first published on nzherald.co.nz and is republished here with permission.