Oregon defensive back Ifo Ekpre-Olomu sits on the bench as other defensive backs stretch before drills at the NFL football scouting combine in Indianapolis, Monday, Feb. 23, 2015. (AP Photo/David J. Phillip)

(Bloomberg View) — For the first time ever, a former college football star will cash in on an insurance policy that protected him from a free-fall in the NFL draft.

CBS Sports’ Dennis Dodd reports that Ifo Ekpre-Olomu will collect a $3 million claim after the All-American cornerback from Oregon suffered a season-ending injury in December. A projected first- or second-round pick, he tore the anterior cruciate ligament and dislocated the kneecap in his right leg, causing him to tumble to the seventh and final round, where he was taken by the Cleveland Browns.

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