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Arod to have hip surgery, may be out til June'13


southsider2k5

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QUOTE (ptatc @ Jan 25, 2013 -> 05:55 PM)
Were they able to insure the whole thing? That was one of the problems with some of the long big dollar contracts. Sometimes they could only get a portion insured.

Apparently, or at least a huge portion. I read somewhere where the Yankees wouldn't really mind it were career ending. It would save them over $100 million. His contract runs through 2018.

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QUOTE (Dick Allen @ Jan 25, 2013 -> 06:09 PM)
Apparently, or at least a huge portion. I read somewhere where the Yankees wouldn't really mind it were career ending. It would save them over $100 million. His contract runs through 2018.

That's not uncommon. It is usually easier to get career ending insurance as opposed to a season ending injury insurance. Thatis why they think that way. For some of the bigger contracts it may be something like 40% of the contract for a partial season (number of games specified), 75% for a season and 95-100% for a career ending injury. The actuaries look at the probability of each one happening and base it on that. Career ending would save them alot.

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