Does Dallas have insurance for Lee's injury?

[Nightman]

I know about the escalators for playing time, but I can't find anything about actual insurance for missing the season with an injury. The Niners had a policy for Navorro Bowman who blew his knee out in the NFC Championship game.

Lee was given $16 in guaranteed money and that covered his 10m signing bonus and salaries of 630k in 2013 and 5.5m in 2014. They turned 4.75m of his 2014 salary into a signing bonus to save cap space. A lot of teams get insurance for injury on guaranteed money. Does anyone know if Dallas got a policy? I know it has to be submitted to league and the cost is applied against the Cap as a benefit.

 

[Zordon]

I'm sure Stephen and Jerry Jr. are on it.

 

[Bungarian]

Insurance might get Jerry his money back but will not effect the cap

 

[peplaw06]

If someone insured Lee from injury, I'm sure the costs of that policy were astronomical.

 

[the_h0wey]

I know about the escalators for playing time, but I can't find anything about actual insurance for missing the season with an injury. The Niners had a policy for Navorro Bowman who blew his knee out in the NFC Championship game.

Lee was given $16 in guaranteed money and that covered his 10m signing bonus and salaries of 630k in 2013 and 5.5m in 2014. They turned 4.75m of his 2014 salary into a signing bonus to save cap space. A lot of teams get insurance for injury on guaranteed money. Does anyone know if Dallas got a policy? I know it has to be submitted to league and the cost is applied against the Cap as a benefit.

This is a NFL team. I'm sure Lee has great insurance through the league or team.

 

[speedkilz88]

If someone insured Lee from injury, I'm sure the costs of that policy were astronomical.

But worth every penny.

 

[xwalker]

I know about the escalators for playing time, but I can't find anything about actual insurance for missing the season with an injury. The Niners had a policy for Navorro Bowman who blew his knee out in the NFC Championship game.

Lee was given $16 in guaranteed money and that covered his 10m signing bonus and salaries of 630k in 2013 and 5.5m in 2014. They turned 4.75m of his 2014 salary into a signing bonus to save cap space. A lot of teams get insurance for injury on guaranteed money. Does anyone know if Dallas got a policy? I know it has to be submitted to league and the cost is applied against the Cap as a benefit.

Norm asked Stephen if they had an insurance policy on Lee. He said no.

 

[Nightman]

Insurance might get Jerry his money back but will not effect the cap

Norm asked Stephen if they had an insurance policy on Lee. He said no.

Insurance money does credit back against the cap.

Thanks, I couldn't find an answer anywhere.

 

[peplaw06]

But worth every penny.

Actually in Norm's interview with Stephen this morning, Stephen said that they looked in to it, and "it wasn't cost effective."

 

[AbeBeta]

Actually in Norm's interview with Stephen this morning, Stephen said that they looked in to it, and "it wasn't cost effective."

I doubt it would be particularly cost effective in most cases.

 

[peplaw06]

I doubt it would be particularly cost effective in most cases.

Yeah, he mentioned the distinction with NFL contracts vs. baseball contracts is that baseball contracts are guaranteed.

 

[Super_Kazuya]

Insurance money does credit back against the cap.

Thanks, I couldn't find an answer anywhere.

That doesn't make any sense. There would be literally no reason for a rich team like the Cowboys not to insure every contract.

I am certainly open to being proven wrong, but I can't find any evidence that you get the money back on the cap. I did see this, which says there are "minor" implications:

http://www.denverpost.com/ci_23671826/nfl-teams-players-both-often-get-insurance-potential

The idea that we would get all of Lee's money back off the cap because we had insurance simply doesn't fly. That's to protect Jerry's pockets.

 

[AbeBeta]

Yeah, he mentioned the distinction with NFL contracts vs. baseball contracts is that baseball contracts are guaranteed.

and baseball players aren't tackling each other, nor are many getting hit by 200+ pound guys running full speed.

 

[JohnsKey19]

Arizona just lost LB Darryl Washington for the '14 season. Probably a more impactful player than Sean Lee honestly. I'm sure Arizona will adjust a figure a way to replace him without it ruining their season. Look, Lee is a very good player and I love what he brings to the field, but we're not losing Ray Lewis in his prime. The team has 3 months to figure out a way to find a way to fill this void.

 

[Nightman]

That doesn't make any sense. There would be literally no reason for a rich team like the Cowboys not to insure every contract.

I am certainly open to being proven wrong, but I can't find any evidence that you get the money back on the cap. I did see this, which says there are "minor" implications:

http://www.denverpost.com/ci_23671826/nfl-teams-players-both-often-get-insurance-potential

The idea that we would get all of Lee's money back off the cap because we had insurance simply doesn't fly. That's to protect Jerry's pockets.

The 'minor implications refers to adding the cost of the policy to a Player's cap number. It's in the CBA that any insurance money paid back to the team is credited back against the cap

Article 13, Section 6, Rule IV of the CBA:

In the event that a Club receives a refund from the player of any previously-paid Salary...such amount as has previously been included in Team Salary shall be credited to the Club's Team Salary for the next League Year... nsurance proceeds received by a Team as beneficiary to cover the player's inability to perform services required by his Player Contract shall be deemed a "refund from the player" if (a) the Club or the player purchased the policy (b) the amounts covered by the policy are so specified in the Player Contract; and (c) the policy is made available for inspection upon request by the NFL or the NFLPA.

http://espn.go.com/blog/green-bay-p...s-injury-helped-packers-salary-cap?src=mobile