The business of baseball is a lot tougher to grasp than the dynamics of “on-the-field” play. As fans, we look at the end result of every decision made. Did he sign? Who did we trade? When was he drafted?
Rarely do we get to see what happens behind closed doors.
Recently, the injury of Alex Rodriguez has brought about questions regarding the insurance of a player’s contract. On top of that, the discussion of whether the Yankees can void the deal they voluntarily signed has come into question as well.
Regarding the insurance on a contract, here are some things you need to know:
Most of the insurance policies are covered within 3 year intervals, and most policies are done solely to protect teams from injuries to players on a long term deal. So for example, David Wright’s new 8 year deal would likely get a new policy after 2016, because he was already signed in 2013.
If you’re wondering why this is the case, think like an insurer for a minute.
Would you rather insure a contract for a 30...