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US taxpayers
From the point in time that Spurs staffers said cleared to play.
ST with it's array of Dr's and lawyers.
I'm sure we can get a factual answer.
US taxpayers
http://www.cbafaq.com/salarycap.htm#Q73
73. Are player contracts insured?
There is a league-wide policy that insures the contracts of around 150 players each season. Each team submits at least five players for coverage from their five most expensive contracts based on total remaining salary (with two or more years remaining) and their five most expensive contracts based on current season salary. Teams also have the option of submitting additional names for coverage. The carrier has the right to exclude 14 contracts per season, such as when they consider a player with a very large remaining contract to be a medical risk. For example they excluded Luol Deng in 2008-09 because he had $71 million remaining and a history of back injuries. The list of excluded players changes each year, so a player who is not covered one season might be covered the following season. However, once a player is covered the carrier can't exclude the player for the remainder of his current contract.
If an insured player is disabled, there is a 41 game waiting period, after which the insurance company pays 80% of the guaranteed portion of the player's remaining base salary, up to $175,000 per regular season game. The waiting period can span seasons, and the player even can attempt to come back -- if he does and finds that he is unable to play, the 41-game count resumes (as long as he stopped playing due to the same injury).
If the player is traded, his new team receives the benefit -- for example, even though Cuttino Mobley's heart condition was discovered prior to his trade to the Knicks in 2008, the Knicks received the insurance payout.
^^ very helpful info but:
"If an insured player is disabled"
Issue now is what happens when a players team declares him cleared but he and his private medicals say he is still disabled?
http://www.rantsports.com/nba/2013/0...ick-rose-saga/
Derrick Rose was medically cleared. Bulls still received insurance payout.
Rose was set to make $16,402,500 in 2013, but because they took out an insurance policy on Rose, Metlife will cover $6,561,000 of the massive deal. The new collective bargaining agreement in the NBA states that a deductible kicks in when the player misses 41 games in the season. Thankfully, Rose missed all 82 games, so the Bulls will not have to pony up all of his contract for a wasted campaign.
Even if the Bulls find a way to make it out of the first round against the Brooklyn Nets, the 2013 season will be remembered as the year in which Rose decided to sit out the entire season even though he was medically cleared with a month left in the regular season.
I only submitted Parker, Mills, Gasol, Danny, and Bonner.
Wow so sounds like the NBA Players Association with Chrissy Paul got over on State Farm again.
Can we conclude from this Rose account that the Spurs and insurance is paying Kwas salary currently?
How the f did the Players Association get that one over on the owners and State Farm?
Owners are benefiting, not the players. The player gets his money regardless, the same exact amount, whoever pays which portion.
Why do you think the players pulled one over on the owners when the players don’t get anything extra out of it? Only the owners benefit.
Insurance could ultimately pay a portion of the salary. But Spurs are probably still paying right now. I’d assume same type of process in filing an insurance claim. But insurance only covers remainder of season once a player misses 41 days. Since Kawhi has played 9 games, most insurance would cover is 32 games if he misses the rest of the season and the claim is approved. If that happens, and the claim is approved, insurance will pay roughly $7.3 million of Kawhi’s $18.9 million salary.
The one caveat is that if he’s missed subsequent games after he initially returned due to a different injury, that 41 games resets for a separate injury. It has to be related to the same injury for the insurance claim to apply.
it’s a handout so liberals
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