Wednesday, May 05, 2004
Club Policy Has Shifted on Insurance
Gordon Edes of the Boston Globe explains how changes in the insurance available to major league teams may affect the Red Sox' negotiating strategy with Pedro Martinez. The club won't be able to insure Martinez' contract for more than three years, and the two insurers who cover major league players may refuse to insure him against shoulder problems, citing a pre-existing condition. Insuring Martinez will cost at least 10% of his annual salary, and potentially much more depending on the terms of the policy.
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Gordon Edes of the Boston Globe explains how changes in the insurance available to major league teams may affect the Red Sox' negotiating strategy with Pedro Martinez. The club won't be able to insure Martinez' contract for more than three years, and the two insurers who cover major league players may refuse to insure him against shoulder problems, citing a pre-existing condition. Insuring Martinez will cost at least 10% of his annual salary, and potentially much more depending on the terms of the policy.
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