Miami tailback Willis McGahee took out a $2.5 million insurance policy two weeks before he was injured in the Fiesta Bowl and can collect after a year if the injury prevents him from returning to football.
Insurance agent Keith Lerner of Gainesville told Florida Today that the policy was signed and put into effect just prior to the national championship game, the newspaper said in a story for Tuesday editions.
That last-minute decision could end up securing McGahee’s financial future if he’s unable to play again. The sophomore rushed for a school-record 1,686 yards and 27 touchdowns this season, and was projected to be a top NFL draft pick had he turned pro early.
McGahee sustained a severe injury to his left knee in the 31-24 loss to Ohio State in the Fiesta Bowl.
“I just visited him in the hospital and told him that my hope is, and that everybody’s hope is, that you’re going to the NFL and make a substantial amount of money,” Lerner said Monday night. “But if he doesn’t, he’s got something to fall back on.”
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