The Ohio State freshman sensation has protected his future earnings in case of injury
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Two years from NFL Draft eligibility, Jeremiah Smith is rare freshman to secure comprehensive insurance policy
The Ohio State freshman sensation has protected his future earnings in case of injury
Jeremiah Smith's achievements go beyond being the most impactful freshman wide receiver in recent memory.
The 19-year-old Ohio State sensation is also among a handful of players at his age ever to get permanent total disability insurance (PTD) to protect himself against a career-ending injury, CBS Sports has learned.
Taken out by the family before the College Football Playoff, the policy not only protects Smith in the event of a football injury but in everyday life for the term of the coverage.
"If this kid steps off the curb and gets hit by a car, he's covered," said industry veteran Richard Giller head of insurance recovery at the Los Angeles-based Greenspoon Marder law firm. "He does not have to be injured playing football."
Smith's policy is with Leverage Disability and Life Insurance, an industry-leading giant in the field of athlete insurance. The Southern California-based firm was founded in 2018 by former Kansas basketball star Eric Chenowith. More than two years ago, Leverage signed Alabama's Bryce Young and Will Anderson Jr to policies worth $20 million each, sources told CBS Sports. That $20 million total is believed to be the highest amount in history.
Industry sources say approximately four or five freshmen at this level have ever received such PTD coverage. Smith's ability to get such coverage is based on a breakout year in which he was a national freshman of the year candidate after catching 71 passes for 1,227 yards and 14 touchdowns going into Monday's College Football Playoff National Championship against Notre Dame.
Smith didn't turn 19 until halfway through his first season. He currently leads the CFP field with 14 catches for 293 yards in three games.
The AP second-team All-American is already projected as a high draft choice in the 2027
NFL Draft, the earliest he would be eligible to turn pro. Per a longstanding agreement between the
NFL Players Association and NFL, college players are not eligible for the draft until three years following their high school graduation.
Smith's policy lasts until Aug. 1, 2027 or when he signs an NFL contract, whichever comes first. Ohio State administrators declined to comment on Smith's policy.
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