IRod - Contracts with non-Insurance Insurance
The Tigers are including a clause in IRod's contract
that says if he injures his lower spine and he lands on the DL for more than 5 weeks then the Tigers can terminate the contract after the 2005 season. I'm guessing the Tigers' insurance company wouldn't insure IRod's contract if he had a lower back injury. This clause insures the Tigers without the help from the insurance companies. Pretty slick. I'm guessing that teams are going to be trying to include these kinds of clauses in contracts more often, if they haven't been trying already. I also wonder if the Players Union is going to complain about these clauses because it seems to get around the whole "guaranteed contract" that all baseball players get.
posted by shawn
: 1/29/2004 10:46:00 PM -