Bertuzzi and Moore settled? (MOD WARNING: Post #13)

[Barney Gumble]

Top 6 money for a guy who was riding a career high 16 pts

Which is more than David Clarkson is getting!

(and at least Clarkson actually scored 30 goals in a NHL season once).

 

[Johnny LaRue]

Really liked Bert, but he was an idiot on the ice too often...never liked Moore, and considering he is a money grubbing ***** I still don't like him. Everyone involved in this entire fiasco loses except the bottom feeding lawyers.

Everyone hates lawyers until they need one.

 

[Derp Kassian]

If Moore really wanted his vengeance he would've gone to court. Something tells me theres some details that his camp doesn't want to get out..

 

[Raincouver]

If Moore was seeking $68M, it would be safe to assume that the money he would receive in a settlement would be considerably lower. Anyway, I don't see how Bert could afford $68M.

He's made 47 million in his career before taxes from playing, and made some cash off a commercial for Gatorade in 2003.


The settlement is likely around 25. Bert will probably make some of it by selling some assets and investments. Who knows how liquid he is, but i'm sure he can come up with the money and never have to work again. Otherwise you'd never see a settlement.

 

[DoubleTrouble]

He's made 47 million in his career before taxes from playing, and made some cash off a commercial for Gatorade in 2003.


The settlement is likely around 25. Bert will probably make some of it by selling some assets and investments. Who knows how liquid he is, but i'm sure he can come up with the money and never have to work again. Otherwise you'd never see a settlement.

The 25 million will come from a few sources Like Bert, Canucks, The NHL and the NHLPA

The NHL, NHLPA and the Canucks would not want the brand damaged.

I would guess Berts part is around 5 million

 

[Canucker]

Everyone hates lawyers until they need one.

I'm sure most are still hated, even when needed.

 

[Wilch]

Most lawyers are fine - worked with plenty before. It's the litigation lawyers with the crap reputation.

Anyway, I'd be interested to hear how much they settled on.

 

[IntangiBo]

Most lawyers are fine - worked with plenty before. It's the litigation lawyers with the crap reputation.

I think you are referring to personal injury lawyers.

This thread is full of hilarity and nonsense.

 

[LiquidSnake]

Which is more than David Clarkson is getting!

(and at least Clarkson actually scored 30 goals in a NHL season once).

Touché

 

[TheWanderer]

This thread is to discuss the reported settlement of the lawsuit between Steve Moore and Todd Bertuzzi. This is not the place to discuss whether you feel Bertuzzi's actions were ultimately responsible for Moore's injuries, liability for the injuries or what have you.

If you find yourself unable to abide by this, do not post in this thread. Deletions, infractions and possible thread-closure will result if this is ignored.

The more annoying part of these threads is that it's not even about Canucks...

 

[crazychimp]

Watching Global news right now they say Moore settled for $22 Million, $15 million paid by the NHL Insurance Fund and $7 Million split between Bertuzzi, John McCaw and the Canucks. All speculation of course.

 

[Alflives*]

Watching Global news right now they say Moore settled for $22 Million, $15 million paid by the NHL Insurance Fund and $7 Million split between Bertuzzi, John McCaw and the Canucks. All speculation of course.

Who funds the NHL insurance fund? Does anyone else here see the league helping Bert settle to keep the dirty laundry out of the public eye?

 

[Wilch]

Watching Global news right now they say Moore settled for $22 Million, $15 million paid by the NHL Insurance Fund and $7 Million split between Bertuzzi, John McCaw and the Canucks. All speculation of course.

To put things in perspective, Higgins is 31 and has earned $16.5 million in total. He has another 4-5 years of good hockey left to play, and will likely be paid between $1.5~$2.0 million for the next half decade.

Higgins would likely only earn about $5 million more than Moore.

Considering the player Steve Moore was tracking to be, $22 million is more than enough. Averaging $2 million per year for 11 years until age 36.

 

[Burke's Evil Spirit]

To put things in perspective, Higgins is 31 and has earned $16.5 million in total. He has another 4-5 years of good hockey left to play, and will likely be paid between $1.5~$2.0 million for the next half decade.

Higgins would likely only earn about $5 million more than Moore.

Considering the player Steve Moore was tracking to be, $22 million is more than enough. Averaging $2 million per year for 11 years until age 36.

Two things: a players compensation isn't just his salary, there's a large pension that kicks in once you've played a few hundred games or so.
Also, part of Moore's claim deals with the fact that since he still has concussion symptoms, his post-playing-career job prospects are affected too, which presumably affected negotiations.

Anyways, I won't miss this story being dead.

 

[ProstheticConscience]

Please let this story finally die.

 

[IntangiBo]

Considering the player Steve Moore was tracking to be, $22 million is more than enough. Averaging $2 million per year for 11 years until age 36.

Then there's the rest of his life and potential lost earnings.

Not that I think this settlement isn't more than fair.

 

[Wilch]

Fair points. The premium is mostly for the damages caused, not just the lost salary.

 

[Harold]

Fair points. The premium is mostly for the damages caused, not just the lost salary.

Lost salary is part of Moore's losses and damages.

If you are saying that a lot of the settlement is allocated to "pain and suffering" or non-pecuniary damages, that is incorrect. The cap in Canada for this is roughly $350k for the most severe injuries. The majority of the settlement amount would be made up of past wage loss, future wage loss, and cost of future care.

 

[Harold]

Really liked Bert, but he was an idiot on the ice too often...never liked Moore, and considering he is a money grubbing ***** I still don't like him. Everyone involved in this entire fiasco loses except the bottom feeding lawyers.

Not sure what this means. Moore's lawyer spent TEN years working hard on this case. And judging by the speculation, successfully working at it. He deserves whatever percentage he is going to be paid (likely somewhere between 25 - 40%), recovering millions of dollars in damages for his client.

 

[Intoewsables]

Watching Global news right now they say Moore settled for $22 Million, $15 million paid by the NHL Insurance Fund and $7 Million split between Bertuzzi, John McCaw and the Canucks. All speculation of course.

Hmm. That's a bit higher than I would have expected, if true.

 

[Wilch]

Lost salary is part of Moore's losses and damages.

If you are saying that a lot of the settlement is allocated to "pain and suffering" or non-pecuniary damages, that is incorrect. The cap in Canada for this is roughly $350k for the most severe injuries. The majority of the settlement amount would be made up of past wage loss, future wage loss, and cost of future care.

Was not aware of the cap.

I can only imagine how much of a pain in the ass it was to figure out and negotiate between both parties in the "lost salary" as the projection is probably about as hypothetical as it gets. Even some of the more complex corporate deals don't take more than a couple years to complete. Ten years of going back and forth is pretty crazy, now that I think about it.

I suppose the cost of care is nothing to scoff at either.

 

[LiquidSnake]

Well... Get ready for endless books by Steve Moore.

All if which will be promo' by Steve Simmons

 

[Jimson Hogarth*]

Hoow many 4th liners make 22 million? Good on him, he sure got Pai$d. C.R.E.A.M and all that you know rubber band staks

it'll be interesting to see what he does. wouldn't surprise me to see him come out with a book. I sincerely doubt he needs every day care, unless its the kind of every day care in which case I needs that too

 

[Eddy Punch Clock]

Hmm. That's a bit higher than I would have expected, if true.

Way less out of pocket for Bertuzzi than I'd thought it would be though.

 

[Canucker]

Not sure what this means. Moore's lawyer spent TEN years working hard on this case. And judging by the speculation, successfully working at it. He deserves whatever percentage he is going to be paid (likely somewhere between 25 - 40%), recovering millions of dollars in damages for his client.

Yep, I'm sure he poured his blood, sweat and tears into this case for TEN years.