Kukla's Korner Hockey
Insurance Comes Into Play With Long-Term Deals
by Paul on 09/10/08 at 07:29 AM ET
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from Luke DeCock of the News & Observer,
When negotiations conclude on a long-term contract extension for Carolina Hurricanes superstar center Eric Staal, a process that could end soon, there are two certainties about what that contract will look like.
One, it’s going to be for a ton of money, the most the Hurricanes have ever paid a single player. Two, it’s not going to be for any longer than seven years.
Not because the Canes don’t want Staal around any longer than that—clearly, they do—but because the NHL’s leaguewide insurance plan will only insure player contracts for seven years.
Beyond that, if the player gets hurt, the team is on the hook for the full amount of his contract.
Filed in: NHL Teams, Carolina Hurricanes | KK Hockey | Permalink
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