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Jeremiah Smith has taken his first season at Ohio State by storm, putting the star freshman on pace to be one of the Buckeyes’ top wide receivers of all time — and potentially the No. 1 overall pick of the NFL draft by the time he is done in Columbus.
In order to ensure that, Smith’s family has taken out permanent total disability insurance (PTD) ahead of the College Football Playoff, according to a report from CBS Sports’ Dennis Dodd.
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Smith is not eligible to declare for the draft until after his junior year at Ohio State, which would make the 2027 NFL draft the earliest he could leave. His insurance lasts until Aug. 1, 2027 or when he signs an NFL contract — whichever comes first — per Dodd.
News: Jeremiah Smith is among a handful of freshmen ever to get career-ending disability insurance. Two years plus before he can be drafted, he is protected by a policy that sources say is the largest such ever in terms of $. https://t.co/OU37s17xml
— Dennis Dodd (@dennisdoddcbs) January 14, 2025
Per Dodd, Smith’s insurance policy protects him from a career-ending injury both on and off the field, and is with Leverage Disability and Life Insurance, a Southern California-based athlete insurance firm. He does not have loss of draft value (LOV) coverage as part of his policy, per Dodd.
“If this kid steps off the curb and gets hit by a car, he’s covered,” Greenspoon Marder law firm’s head of insurance recovery Richard Giller told CBS Sports.
Dodd, citing sources, reported it is rare for freshmen to receive permanent total disability insurance. In addition, Dodd reported Smith’s premiums cost is $7,500-$8,000 per million of coverage, citing additional sources.
A player receiving insurance has become more common for…
Source link : https://sports.yahoo.com/ohio-state-wr-jeremiah-smith-222513177.html
Author : The Columbus Dispatch
Publish date : 2025-01-14 22:25:00
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