Yeah this was the big head scratcher for me too. My eyes popped out reading it wasn't insured. That's gross negligence.
I was listening to XM radio yesterday and they were interviewing the CBJ GM and he said he couldn't mention some stuff but also mentioned a 30 game deductable cost
I saw this today:
Aaron Portzline: “#CBJ did not have insurance on Nathan Horton, so they would have had to pay the full amount of his contract for the rest of his term. #CBJ opted not to buy insurance with 30-game deductable in first season because, with shoulder injury, they expected him to miss 30-plus. Then, this season, #CBJ could not get insurance on Horton because of his back injury. Horton’s contract was NOT insured.