Former South Carolina running back Marcus Lattimore has a tax-free $1.7 million insurance policy that he should be able to collect if he decides to retire, Lattimore's agent Michael Perrett told ESPN.com.
Lattimore took out the permanent total disability policy during his junior year at the South Carolina, which sources say cost him between $10,000 and $15,000, according to the website.
Lattimore tore ligaments in his right knee in a game against Tennessee in 2012 that ended his season.
Lattimore's injury resulted in him falling to a fourth round selection by the San Francisco 49ers in the 2013 draft.
The standard permanent total disability policy of an athlete who buys the policy in college allows for that athlete to play a rehab period of up to four games the following year in college or in the pros, espn.com reported. Once the player plays in four games, the policy is considered expired.
Lattimore has played not played since his injury two years ago. He started practicing with the 49ers this past week and was reported to have a sore knee late in the week.
Reports surfaced Monday that he was contemplating retirement after he was not present at the 49ers’ game against the Rams on Sunday.
In order to collect on the $1.7 million, Lattimore would have to file a claim and to have a doctor physically rule him unable to play.
Lattimore received a $300,000 signing bonus as part of a four-year deal valued at $2,460,584. The bonus is to be paid in $75,146 segments over four years.
He had a base salary of $405,000 as a rookie and $420,000 this season. The contract calls for him to make $585,000 in 2015 and $675,000 in 2016. But NFL contracts, other than the bonus, are not guaranteed. Lattimore has not received his salary so far, according to espn.com.
He has been on the non-football injury list the past two seasons.