Porter Stoutheart
We Got Wood
- Jun 14, 2017
- 14,882
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Insurance is never publicized, in the old days it was more standard for 80% coverage past a certain amount of time on the shelf, but policies these days are all over the map. Premiums have definitely gone up in the concussion era and with the general war of attrition in the modern NHL. Teams insure contracts, and most players will also take out their own personal disability insurance against future earnings too, or at least their agent will recommend that. Either way, Seabrook is going to get paid. But it's very likely the Bolts will have to pay some amount of real money to manage his presence, 100% insurance coverage on his salary is possible, but not likely, and they'll have 3 years worth of administration and incidentals costs to have him on the books. But I'm sure this won't add up to more than a few million at most, nothing like their full Expansion take or the money they got rid of in Johnson. Still, it's not better than nothing.I don’t know the insurance situation, but I can’t believe that any minor advantage is worth giving away $16.5 million or 14.5 if this year’s bonus is paid (btw, that’s like 2/3 of their expansion take for which they gave Gourde).