Former USC pass-rusher Morgan Breslin didn’t get drafted, but he could get paid.

Breslin, a Walnut Creek native who has signed a free-agent contract with the 49ers, could become the first NCAA football player to receive a payout on a loss of value insurance policy, Yahoo Sports reported. Breslin could collect between $750,000 and $1 million after his draft stock plummeted following an injury plagued 2013 season.

Before his senior season, Breslin reportedly took out a policy that provided him with at least $2 million of coverage in the event an injury affected his draft status.

In 2012, Breslin tied for fifth nationally in sacks (13), had the most tackles for loss (19.5) by a USC player since 2003 and was among six finalists for the Ted Hendricks award given to college football’s best defensive end. Last year, however, he played in just five games because of a sports hernia that required hip surgery and wasn’t invited to the NFL combine. Breslin had 4.5 sacks and eight tackles for loss before his season ended.

Breslin (6-1, 240), who switched from defensive end to a 3-4 outside linebacker last year, attended the 49ers’ local pro day last month. A junior college transfer, he had 28 combined sacks at Diablo Valley Junior College, leading the state in the category in 2010 and 2011.