Listened to MLB Radio this morning driving to work. A few nuggets regarding insurance policies, as it would likely relate to Verlander:
Nothing earth shattering, but at least it gives an idea of the financial relief to Crane.
- Injuries do not reduce salaries for luxury tax calculations, so his total amt counts.
- Payout is generally $.75 to $.80 cents on the dollar. Good return there.
- Insurance won't kick in until 180 days (calendar), so early spring.
- Exclusions usually apply to previous injuries, but Verlander hasn't had elbow surgery before so no worries.
- If injured within 30 days of return, considered same injury and the clock doesn't start over.
Nothing earth shattering, but at least it gives an idea of the financial relief to Crane.